ETH is witnessing a massive pump this year and hopefully I wish it to continue, if the bulls continue to reach the next level resistance it may $440. However it is important to remember this is just an indicator.
Isnt that great? Market now keep recovering especially for ethereum. Its almost near now 300level so going to your mentioned target isnt hard. Indicator or not, eth will be a strong contender and Im sure they will be the best project to improve more in terms of development.
You must also consider the halving that will happen soon. It makes the ethereum goes high since its price is dependent on the price movement of the bitcoin.
How come the halving can have effect on ethreum price? Yes byc halving have huhe impact on btc price but the pump happening now on eth is clearly an isolated indicator segregated from btc though I cant deny btc helping those close to it such as eth and xrp.