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Ethereum Above $200 Indicates A Massive Rally To $240 And $250

Ethereum price rallied recently and surpassed the $200 barrier against the US Dollar. ETH is now trading nicely above $200, with many signs of more upsides.

 ▪ Ethereum climbed higher and settled above the main $200 barrier against the US Dollar.
 ▪ The price traded as high as $208 and it is currently correcting lower.
 ▪ There is a major bullish trend line forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken).
 ▪ Bitcoin price also jumped above $9,500 and traded to a new 2020 high close to $9,750.