Some crypto experts have been saying that the fact that BTC and more cryptos were able to surge a lot even after the hack shows that the crypto market has matured and prices are not connected to the headlines anymore.
Smartereum mentions that the fact that Ethereum will be starting its Proof of Stake integration could be a factor that triggered the boost in the coin’s price.
They also say that there’s a key development that has affected the price of ETH: the network’s transition to PoS (Serenity.)
The price of ETH has gained a bullish momentum during the last days against the USD.
It seems that ETH’s price is now eyeing an upward movement after it recently broke $190.
ETH price prediction
The online publication mentioned above notes that the bulls pushed prices above $200 before a new monthly high formed at $206 and then, “a sharp downside correction was initiated below $200 and $190. The price of Ethereum traded under the 50% Fibonacci retracement position via the last wave from $169 to $206.”
They also note that the next key resistance positions for the bulls are $210 and $220.
According to the online publication, the primary target for the bulls is between $220 and $225.