Furthermore when do you’ll think will Ethereum prices cross the $250 levels mark, pre or post the halving event?.
This is fundamental news, and it is good fundamental news, and usually influences,
This is just my technical analysis, looking at the fibo line at 61.8 or 211 $, the last candle has touched but this is support, if it breaks it will go to the next support fibo 50.0 or 188 $. Then see the RSI chart two lines white will start to cut the yellow line usually prices will rise. But Sar is approaching the red candle, usually when the sar line is touched it will go down. So the possibility is still confused. Then I made two auxiliary lines as long as the candle was still moving between the trend line lines and so I thought ETH was still in the lane to go up.
The resistance at 202 $ is gone, for the price to reach 250 $ I can't predict. But as long as the candle in the trend line sure will touch it
This is purely my technical analysis and maybe this could be wrong, all the disadvantages of this TA I am not responsible.
I dont see any thing fundamental in the recent sharp increase in the price of ETH since we can not point to any known cause of the spark in price, it may and it may not pass the $250 price but let just wait and see.
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