ETHUSD - Massive Upside Potential
Updated
Hi Everyone
Quick update on Ethereum. From the chart analysis, I expect to see ETH make a new ATH during this bull run. Price action has been trading in a tight range and holding steady despite volatility in the Bitcoin market.
Note that we still need to see the grey energy in the 1D and 3D timeframe to get back above 50 before we see more upward price action. This means that we might see small pullbacks and range movements before we go upwards.
NOTE a break underneath the support of 2800 will invalidate my bullish sentiment, but if that happens it will be due to a drop in BTC market. (No current indication of such a drop visible on the charts). Therefore, the Bitcoin market needs to hold above 44K.
I expect the first target for Ethereum to be around $3900 range. It may take some time to get there, patience and risk management is key.
I made an update on risk management techniques, watch it below in related ideas.
If you're looking for specific entry/exit points, try working with a trader. You can try out the 3 Day Trial from CryptoCheck where you can choose from multiple traders.
Best Regards
BlockTechEv
Quick update on Ethereum. From the chart analysis, I expect to see ETH make a new ATH during this bull run. Price action has been trading in a tight range and holding steady despite volatility in the Bitcoin market.
Note that we still need to see the grey energy in the 1D and 3D timeframe to get back above 50 before we see more upward price action. This means that we might see small pullbacks and range movements before we go upwards.
NOTE a break underneath the support of 2800 will invalidate my bullish sentiment, but if that happens it will be due to a drop in BTC market. (No current indication of such a drop visible on the charts). Therefore, the Bitcoin market needs to hold above 44K.
I expect the first target for Ethereum to be around $3900 range. It may take some time to get there, patience and risk management is key.
I made an update on risk management techniques, watch it below in related ideas.
If you're looking for specific entry/exit points, try working with a trader. You can try out the 3 Day Trial from CryptoCheck where you can choose from multiple traders.
Best Regards
BlockTechEv
Note
!!NB!! : ETH underwent an unintentional hard fork within the last 15H. This happened due to a bug which unintentionally ended up in forking Ethereum (again). 54% of nodes are compromised. Vitalik has allegedly already reset his masternode. So far the price seems relatively unaffected.Note
Update on ETH available.
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