Ethereum has been caught within an explosive and highly bullish uptrend throughout 2020, which has led ETH to significantly outperform both Bitcoin and therefore the aggregated cryptocurrency market over the past several days.

This bullishness has reached a boiling extra point the cryptocurrency broke above $200, with its movement above this key psychological resistance level opening the gates for significantly further upside.

One prominent analyst is now noting that ETH could soon target a move to $300 after breaking out of a bullish technical formation, but other analysts believe it’s going to also soon see a notable pullback.