Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent?

Over the past few weeks, Ethereum (ETH) has exploded to the upside. The second-largest cryptocurrency by market capitalization, since bottoming around $117 in December 2017, has surged higher by over 100%, buoyed by buying pressure from investors looking to capitalize on the impending market cycle.
In the past few days especially, Ethereum has gone vertical. Look to the right side of the chart below, which shows that in the past day or two alone, the asset has rallied from $220 to as high as $25