Ethereum is the backbone to all the DeFi craze that has been going down right now. While gas fees have been extremely high, this also means on-chain activity is at record levels. Price wise this is simple. We are seeing the fuel be added to the 'rocket' right now. Take off to $350 is inevitable in our opinion, the large liquidity zone will be a STRONG resistance.
Calling all 18-year old Robinhood millionaires. If you want to see the next big thing, look no further than ETH.