Ethereum Defies Gravity But Here’s Why It Must Break $250 For Fresh Rally

Ethereum Defies Gravity But Here’s Why It Must Break $250 For Fresh Rally

Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250.

Ethereum is trading well above the $240 support and the 100 hourly simple moving average.
The price must surpass the $245 and $250 resistance levels to continue higher.
There was a break above a key bearish trend…

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