Ethereum price surged significantly towards $270 versus the US Dollar, and jumped sharply vs bitcoin. ETH is in a major bull run and it seems like the price might even hit $300.
We saw a sharp increase in Ethereum price above $220 resistance against the US Dollar. The ETH/USD pair gained pace above the $225 resistance and rallied above the second target discussed this week. It broke the key $240 and $250 resistance levels to move further into a positive zone. The uptrend was such that the price gained more than 20% and even tested the $270 level. The price is currently well above the $260 level and placed nicely above the 100 hourly simple moving average.
Source: https://www.newsbtc.com/2019/05/16/ethereum-eth-price-surges-20-300-next/
Ethereum is now making its move...and though a little bit too late relative to the Bitcoin upward swing, I think nobody is complaining and holders are getting happy. I love Bitcoin but many of us are also into Eth and we love Vitalik Buterin, the man behind this cryptocurrency platform some are considering to be the heir apparent to Bitcoin but is also facing its own challenges in terms of adoption and innovations.
Can we expect Ethereum to fight against all odds and get into $500 before the end of 2019?
Projection is good, anyway lets hope for the best of ETH, right now we are in the middle of hopes, hoping that ETH will go higher as we hope. Did anyone here project that it will again hit for 1000usd?