Ethereum is now safely trading back above EMA50 and has been on a very long consolidation phase.
While prices can be seen slowly creeping higher since November 2022, this is actually a type of bullish consolidation.
With such a long drawn-out consolidation the bullish explosion should be strong when it comes.
We can see this wave end/peak around $3,250 and $3,500 for Ethereum, rough estimate.
With $2,000, $2,400, $2,800 being easy targets and can be achieved within weeks.
Ethereum (ETHUSD) can be seen trading not only above EMA50 but also above MA200 and EMA300 and all the moving averages in-between.
This is a strongly bullish setup.
When it starts to go it will be fast and strong, there will be no time ask questions, everything will just grow.
Namaste.
While prices can be seen slowly creeping higher since November 2022, this is actually a type of bullish consolidation.
With such a long drawn-out consolidation the bullish explosion should be strong when it comes.
We can see this wave end/peak around $3,250 and $3,500 for Ethereum, rough estimate.
With $2,000, $2,400, $2,800 being easy targets and can be achieved within weeks.
Ethereum (ETHUSD) can be seen trading not only above EMA50 but also above MA200 and EMA300 and all the moving averages in-between.
This is a strongly bullish setup.
When it starts to go it will be fast and strong, there will be no time ask questions, everything will just grow.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.