Ethereum (ETH) has been incurring significant bullish momentum over the past several days, and it has been able to maintain some stability around $220 despite the aggregated crypto markets facing some downwards pressure as Bitcoin nears $10,000.<\/p>\n
Analysts are now noting that Ethereum may still be targeting over $260 in the near-term, despite incurring some bearish technical formations over the past 12 hours or so.<\/p>\n
At the time of writing, Ethereum<\/a> is trading up slightly at its current price<\/a> of $218, which marks a slight jump from its 24-hour lows of $215, but also marks a notable retrace from its daily highs of over $220.<\/p>\n Over the past seven days, Ethereum has been caught in a clear uptrend, surging from lows of $185 to highs of nearly $225, which is where ETH found some levels of resistance that halted its upwards momentum and has caused it to range sideways in the time since.<\/p>\n It now appears that ETH is caught in a trading range between roughly $215 and the mid-$220 region, and it is likely that this range will continue to hold strong in the near-term so long as the aggregated crypto markets maintain some stability in the coming days and weeks.<\/p>\n Currently, Bitcoin<\/a> is struggling to maintain its foothold within the lower-$10,000 region, and it is beginning to look as though that BTC will once again visit the $9,000 price region and its bears gain the upper hand.<\/p>\n Assuming that Bitcoin<\/a> does drop to its next major region of support around the lower-$9,000 region, it is highly probable that Ethereum and most other major alts will also retrace.<\/p>\n Analysts believe that Ethereum could soon target $263 despite the current bearishness in the aggregated crypto markets, which will likely only happen if Bitcoin is able to maintain some stability or begin climbing higher in the near-term.<\/p>\n Josh Olszewicz, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that he believes ETH will target $263 in Q4 despite it showing some signs of imminent near-term bearishness.<\/p>\n \u201c4h $ETH: bear div here. Case for macro RSI building. Should fill gap to $263 pretty easily in Q4,\u201d he noted.<\/p><\/blockquote>\n 4h $ETH<\/a><\/p>\n bear div here<\/p>\n case for macro RSI building<\/p>\n should fill gap to $263 pretty easily in Q4 pic.twitter.com\/HeJ9RyPcT3<\/a><\/p>\n — #333kByJuly2025 (@CarpeNoctom) September 20, 2019<\/a><\/p><\/blockquote>\nCould ETH Soon Target $263?<\/strong><\/h2>\n
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