Despite Bitcoin being in a firm uptrend over the past few months, the aggregated crypto markets have largely experienced lackluster price action, but Ethereum (ETH) may be one of the few exceptions as it has been closely tracking BTC as of late.<\/p>\n
Because ETH has been closely tracking BTC, it has experienced large volatility over the past week, setting fresh year-to-date highs before quickly plummeting lower. Now, analysts believe Ethereum is ready to continue its upwards ascent, which may mean that it will target $363 next.<\/p>\n
At the time of writing, Ethereum<\/a> is trading up nominally at its current price<\/a> of $307, up slightly from its daily lows of $295.<\/p>\n Over a one-month period, it becomes clear as to just how volatile ETH has been as of late, surging from lows of $230 to highs of $360, at which point it incurred a massive influx of selling pressure that sent it reeling down to lows of $285.<\/p>\n In the time since, Ethereum appears to have been forming a pattern of consolidation between $295 and $310, which may turn out to be a fresh trading range that will persist while Bitcoin experiences a bout of sideways trading.<\/p>\n The Cryptomist, a popular crypto analyst on Twitter, spoke about ETH in a recent tweet, noting that it has between now and August to hold above its RSI support, which means that it could be another month before it makes a decisive move in one direction or another.<\/p>\n \u201c$Eth My loyal followers would remember when I posted that long term btc support that had to break ..remember? Well Eth has the same one! This RSI support has now till August to break – Support test approaching: one more bounce? 304 holding as past resistance,\u201d she explained.<\/p><\/blockquote>\n $Eth<\/a> <\/p>\n My loyal followers would remember when I posted that long term btc support that had to break ..remember? Well Eth has the same one!<\/p>\n This RSI support has now till August to break – Support test approaching: one more bounce? <\/p>\n 304 holding as past resistance pic.twitter.com\/hGFugQvs6o<\/a><\/p>\n — The Cryptomist (@Thecryptomist) June 28, 2019<\/a><\/p><\/blockquote>\n\n