ETHUSD $700 Next Long Target
Along with Bitcoin, Ethereum had a great day today rising from $580 to $644. For the entirety of this previous month, ETH has been consolidating underneath yearly highs from $556 - $600 and finally broke out this morning.
This changed the sentiment in the markets and lifted the bullish spirits. From here, after ETH hit $600 & $617 as our first take profit levels, it went on to hit $623 and then $636.
Now the only thing in the path between $700 and the current price of ETH is the $687 TP level, which should hit in the same move ETH goes to $687-$712.
That range is the next real resistance zone and if you look at my chart I switched the $600 red distribution zone to green accumulation, after closing out higher than the triple top.
Going long, here are my next TP levels
TP1 🎯 $687
TP2 🎯 $700
Thanks
Kyer
This changed the sentiment in the markets and lifted the bullish spirits. From here, after ETH hit $600 & $617 as our first take profit levels, it went on to hit $623 and then $636.
Now the only thing in the path between $700 and the current price of ETH is the $687 TP level, which should hit in the same move ETH goes to $687-$712.
That range is the next real resistance zone and if you look at my chart I switched the $600 red distribution zone to green accumulation, after closing out higher than the triple top.
Going long, here are my next TP levels
TP1 🎯 $687
TP2 🎯 $700
Thanks
Kyer
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