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.
I don't think it's too easy for ethereum to hit $250 if the bitcoin price does not move to a higher rate. If bitcoin price is like this for this month, ethereum will not move higher, and maybe ethereum will stay at the current price. But if there is an update from the ethereum developer, then I guess that can help the price to increase. We can hope that this month, the ethereum price can increase and break $250, so the next target price of ethereum will be at $300.