Ethereum (ETH) has been on quite the run since the start of the year, jumping from the $130-140 range to north of $270 in a matter of weeks.
According to the ETH/USD chart, Ethereum is rapidly approaching key resistance at $280 after smashing through resistance levels at $200 and $240 that previously turned bulls away.
Ethereum is also starting to gain ground against Bitcoin (BTC), as a new uptrend appears to have begun. This corresponds with a similar drop in the market dominance of BTC.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.