Is it too late to buy Ethereum?

Over the past day, altcoin went up by 8%. Analyst Ayash Jindal is sure that this is far from the limit.

On Monday, May 27, the Ethereum average market rate rose to $ 271, after which it slightly decreased. Now the first cryptocurrency is trading at around $ 270.8. Altcoin approached the annual record value of $ 273.3, which was set on May 16. Over the past day, the coin rate increased by 8.3%, over the past four months – by 162%.

NewsBTC analyst Ayash Jindal claims that the cryptocurrency has overcome an important resistance level of $ 265 and approached the next zone of $ 272. Now Ethereum can go up to $ 275, after which it will need to rise above the serious mark of $ 280. After that, Altcoin will be able to test $ 300, the expert says.

The coin is in the positive zone, while its course is above the $ 265 and $ 260 marks, the expert warned. He added that while the price remains above the level of $ 258, there remain chances for a new sharp increase.

Alex Zaskalov

EXPi