Syed Imran Haider 
The trading price of Ether (ETH) has recorded a significant push in the past 24-hours. Investors are excited to see the price of the asset move upward in the recent trading sessions.
It seems that the investors have turned quite optimistic ever since the New Year has begun.
They are confident that the situation of the crypto market will change in the running year so they are pouring money to accumulate more assets.
Being the second-largest crypto in the entire crypto verse, Ether is at an advantage as it is among the most preferred purchases in the crypto market.
Recent Performance of Ether
At the time of writing, ETH’s trading price is at $1,247 and it has recorded significant gains to make it to this high level. The asset reportedly underwent a 2.5% rally in the past 24-hours to bring it up to this level.
Due to the recent push, the trading volume for ETH has also moved in the upper direction. The trading volume for the asset has surged to $4.8 billion in a 24-hour period.
This has helped Ether cross a significant level in the past 24-hours. Prior to the surge, the trading value of ETH was at a low of $1,215.82. The bulls were finding it hard to increase their buying pressure against the bears.
It was the bears who were constantly demonstrating their selling prowess against the buyers. The bulls were facing a tough challenge coming closer to the $1,235, let alone crossing it in the process.
However, things worked out in favor of the bulls and they were able to build enough force to push ETH’s price higher. The bulls managed to muster enough force to push ETH’s price over the resistance level ($1,235).
Next Targets Eyed by the Bulls
Right after crossing the particular level, the bulls turned it into a strong support level. According to the analysts, the same level now acts as the immediate support level, strongly guarded by the bulls.
NOw that the bulls have achieved a higher level, they will try to reach even higher levels. From the current level, their next attempt is going to hit $1,260, which is also a resistance level.
If the bulls do manage to cross the particular level, they will try their best to push ETH’s price to a higher level. Their next attempt is going to push the asset to a high of $1,280.
With that level breached, the bulls may go for another strong buying spree trying to push ETH’s price to a high of $1,300.
The market sentiments are currently high due to the positive data coming in from the US economy. If more positive data keeps coming in, the investors will continue taking higher risks.
