Breaking a major resisitance level at $220, Ethereum price surpasses and trades at $245 after 4% gain in 24 hours volume. Will the bulls escort the price beyond $250?
$ 250 is too easy for the bulls to overcome. Ethereum 2.0 is really well received and people are fomo a lot about the event. Proof of Staking is really a new trend and Eth2 will do a great job in this future. This will also make the demand for buying ETH very high and especially there is no sell-off here. People just want to keep buying and buying to receive daily passive profits.
That mentality will bring the value of ETH to the next level, updates like ETH 2.0 gives investors a reason to buy more and hold their assets.
From this point of views more and more are following this project
Interest are bringing huge impacts to the current price, if this will continue and more additional investors to buy with real support to keep the
assets on hold.
Expect that 250 mark is just easy to reach, it also possible to make another good barrier as long as support will continue to hold and allow
new investment to flows around.