Ethereum - the $290 is on the horizon

If $10,000 is the critical level for Bitcoin, then $300 is the psychological point for Ethereum. Our earlier ETH price prediction came true, and the top altcoin could lift above the $300 mark.

Even the recent news about upcoming the transition to the Proof-of-Stake (PoS) consensus mechanism could not stop the price from falling.
On the hourly chart, Ethereum is facing a slight rollback after a bull run since June 20. The correction may continue until the quotes reach $290, as the asset needs to fill this gap before the price goes higher. The MACD indicator support such a scenario, locating in the descending channel.