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.
So what's the real score of that if people will only and hodl. Will they only look at their assets or look at the price chart increasing ? They can't earn that way but the only way to earn is to sell and keep the profit , then they can choose to buy again .other than that , 250 usd isn't that high for a coin like eth . what's makes it more achievable is the fact that there are now exciting updates that is happening on this coin