Our Ethereum price prediction has justified itself even earlier than predicted, as the quotes are already trading above $250.
Even though the leading altcoin could reach the $250 resistance mark and even surpass it, the asset is looking overbought in the short-term scenario. The RSI indicator is moving downwards meaning that buyers have fixed their profits. Moreover, the trading volume has reduced compared to its previous levels. All these factor signal of a slight roll back to the nearest level of $255 in a few days.
Even though the leading altcoin could reach the $250 resistance mark and even surpass it, the asset is looking overbought in the short-term scenario. The RSI indicator is moving downwards meaning that buyers have fixed their profits. Moreover, the trading volume has reduced compared to its previous levels. All these factor signal of a slight roll back to the nearest level of $255 in a few days.
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