Ethereum price achieves more positive targets – Analysis - 16-05-2019

Ethereum price continues to rise strongly to approach our second waited target at 254.00, and we expect the continuation of the bullish bias to test key resistance barrier for the short term trades at 260.90, as breaching this level represents the key to extend the bullish wave on the short term and medium term basis.

In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 225.00 and holding below it.

The expected trading range for today is between 240.00 support and 260.90 resistance

The expected trend for today: Bullish