ETH would become the bellwether of this bull market, $300 soon

Ethereum has been trending well for about two months. The recent pullback was completed in a dramatic fashion. An instant broke down $240,but the price recovered almost all the lose in just two days. The fact that at the moment Ethereum price only 5% from peak illustrates its strength and resilience.

On the technical chart side, the price structure seems still in the bull trend unabated.

MACD, and RSI both are about to make bull cases. The volume looks robust which is good in the bull market. The moving averages all trending parallelly along with the price.

$300 would mostly like to be a psychological hurdle for the buying power. BitCoke analysts estimate there will be some selling pressure when Ethereum surges above 300 and the profit-taking operation is expected.