Ethereum (ETH) and the aggregated crypto markets have incurred a sudden influx of buying pressure today that has allowed them to extend the upwards momentum that they have incurred over the past couple of months.<\/p>\n
Analysts now believe that Ethereum will continue climbing higher in the near future, and possibly outperform Bitcoin over a longer-time frame, due to growing technical strength and increasing adoption from major companies like Ubisoft.<\/p>\n
At the time of writing, Ethereum<\/a> is trading up nearly 7% at its current price<\/a> of $257, up significantly from its 24-hour lows of $240 which were set earlier today.<\/p>\n This massive surge has allowed ETH to surge to fresh weekly highs and has brought it closer to returning to its year-to-date highs of $285, which were set in late-May when the entire crypto markets briefly surged before incurring significant selling pressure that sent them reeling lower.<\/p>\n Currently, Ethereum is one of the top performing altcoins of the day, and is closely trailing behind Litecoin<\/a>, which has been leading the market surge over the past several days, surging a whopping 31% over the past seven days.<\/p>\n The Cryptomist, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that she believes ETH could continue surging higher in the near-future, and could possibly surge to $300 by July.<\/p>\n \u201c$Eth: This looks good! Falling wedge potentially present. If I am right about $Btc falling wedge, then there is no reason why we should not see $300 before end of July. We still could see one final touch upon $222 region. Regardless I am holding and buying on dips,\u201d she noted.<\/p><\/blockquote>\n $Eth<\/a> <\/p>\n This looks good! Falling wedge potentially present<\/p>\n If I am right about $Btc<\/a> falling wedge, then there is no reason why we should not see $300 before end of July \ud83d\ude0a <\/p>\n We still could see one final touch upon $222 region. <\/p>\n Regardless I am holding and buying on dips! pic.twitter.com\/tOKh9mLKXP<\/a><\/p>\n — The Cryptomist (@Thecryptomist) June 12, 2019<\/a><\/p><\/blockquote>\n\n