One analyst indicates surging market patterns as the BTC did perform good, which ETH has not followed yet. So, there is a chance ETH will follow this in the near future. The crossing of two hundred and eighty dollars ($280) will provide a way to achieve the target of three hundred and fifty dollars ($350).
The Ethereum is following the footsteps of Bitcoin’s price trends. Some analysts believe that Ethereum may show some unexpected performance in the near future. The technical indicators are indicating positive momentum in the price of Ethereum.
The price chart indicates a break out at ETH/BTC price, but there are hindrances at various points; however, the daily chart seems good. There is an anticipation that ETH will reach to 0.034 level.
The trend of ETH is important because all other altcoins usually follow its pattern. Recently, it is showing a bullish pattern that means all other altcoins will also surge.
The crucial points to be noted while making any big decisions are: for hodlers, it is the third area, for swing traders- the stop loss as crucial daily level.
In December 2018, there was seen some astonishing trend, The ETH had surpassed the BTC with the increase of two hundred and forty percent profit (240%), and BTC surged only one hundred and seventy- five percent (175%).
So, any push can make ETH rise to three hundred and fifty dollars ($350). It all depends on the crossing of the resistance level at around one hundred and eighty-eight dollars ($188) and one hundred and sixty-seven dollars ($167). There are clear signs of breaking this point and surge in the price of ETH.