Ethereum remained in a side flat for some time and reacted positively to Bitcoin’s going up. Successful testing of Metropolis and the launch of the updated Byzantium are major events that will influence the price of the market’s second-ranking cryptocurrency.
- As of Sep. 28, Ethereum ETH/USD is traded at around $280. Quotes are traded above the moving mean, which points to the Ethereum bullish trend.
- A minor correction is expected at about $290, the point where growth is expected to continue, along with a further uptrend aiming $340.
- If Ethereum experiences issues related to Metropolis’ launching and performance, it may dip to the $260 support level. In case of a positive development, we expect our long-term goal to be $420.