Ethereum currently surpasses the two hundred and sixty-four dollars mark ($267) eyeing the two hundred and eighty-six dollar mark as a pit stop towards the eventual three hundred dollars ($300) target.
The four-hour price chart analysis reveals that Ethereum price has the current upper support at the two hundred and eighty-six dollars ($286.02).
On the other hand, the ETH price; currently soaring on the six-month high rate, is finding the lower support levels at two hundred and eighty-two dollars ($282.06).
The pair will be expected to open at two hundred and seventy-one dollars ($271), and the analysts have witnessed a small correction at two hundred and sixty-nine dollars ($269).
The ETH/USD accounts for above two percent (2.4%) and has successfully maintained its position above the two hundred forty dollars ($245) to two hundred and fifty dollars ($250), and the anticipated next target will be approximately three hundred dollars ($300).
In the past thirty days, Ethereum price has shown a remarkable improvement of over fifty-five percents (55.47%) in the price from one hundred and fifty-three dollars ($153) to the current ETH trading price.
The thirty-day price chart analysis reveals that the ETH price is currently operating in the undersold zone on the Stock RSI.
The price is growing slow and steady, with a constant bullish trend along with the market. However, if Ethereum can break free of the market and carry the price on its own, the currency would risk a crash or flight situation.