Ethereum (ETH) Has been Strengthened Over the Last Week by 30%

• Ethereum price has been up by a whopping 30.45% over the last seven days
• The next halting point for ETH may come at $248.27

Ethereum has marked sharp bullish momentum over the last week, and the price of ETH against USD has traveled from $188 to $245. The current gaining spree is likely to stay for some more days.

Ethereum Surges 19% & Eyes at $248

ETH coin started the February 05 at $188.43, and over the next two days, it increased by 19.11% and got placed at $224.44. It was followed by a short stint of price correction that deducted $9.30 from ETH coin and pulled the price down to $215.14 by February 08. The last variation happened between February 08 & 12, and in these four days, Ethereum’s value has been pumped up by 15.27% and got to the highest point of the week at $247.99.

In the past seven days, ETH has breached the previous week’s resistance levels around $224 & $229. Yesterday, it traded moderately downside but today, it reversed the trend and showed a strong upward movement.

Ethereum’s current value is hovering around $245, and it has managed decent leads over its 50 days MA ($240.42) and 20 days MA ($244.51). The placement of these figures shows that the strengthening of ETH is likely to become a long-standing one.

As per the ETH Forecast & current momentum, the Ethereum price may find the next resistance at $248.27. Investors are expected to witness an overall stable price change pattern in the short-term.