If for Bitcoin $8,000 is a critical level that bulls cannot reach, Ethereum is struggling to conquer its own mark, which is $250.
On the hourly chart, ETH has been bullish since June 9 and there are no signals for the price drop for now. The MACD indicator confirms the buyers’ dominance on the market, as well as, the amount of trading volume which remains at its previous positions. In this case, Ethereum might reach $250 and even surpass this mark until June 15.