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 not that far if this bull run goes until the end of this year 300$ or even higher at that price is really easy to break ups. We all know that ETH price is also bouncing to the price of bitcoin at all time, so if bitcoin goes up its 100% Eth will goes ul also.
if the increase happens so large it can make trading and demand dominance only occur in bitcoin. this is bad because many will sell their altcoin like ETH for bitcoin. my belief in ETH can grow, but it happens slowly.