Essentially, Ether is currently acting above the 100-day and 200-day moving averages, which is a bullish indicator. Alongside with that strong signal, the volume has been increasing as of late.

Often, volume precedes price, and combining this fact with the sideways range ETH has been in, an increase in volume shows accumulation.

Similarly, the price has been in an uptrend since March 12, as the cryptocurrency is continually flipping the previous resistance into support. The former support/resistance flip was done with the $217–$222 area.

Such an S/R flip implies further upward strength, with $250 as the next target. The price of Ether is staying fairly close to this resistance zone.

If ETH breaks $250, then the $290 level may not hold like last time, as that’s not a significant resistance zone. More likely, ETH/USD may see a quick rise to $330 or even $360.