ETH base range indicates upper target of 610 Euro
Short term: some consolidation at a slightly lower price followed by good upside potential.
ETHEUR is looking a little exhausted on daily volume. Possible retest of the bottom side of this ascending triangle. Retest would give a lowest price of 262-264 Euro in the coming days, allowing for more supply to drive the price upwards and break descending (dotted) trendline.
Long term: ETHEUR is looking bullish.
We can see the base range for this ascending triangle is around 267 points, give or take. This would give us a target range of about 610 Euro in the long term, once there is a break to the upside of this ascending triangle at the 345 Euro area. We are looking for a break over previous all time highs around mid to late December.
ETHEUR is looking a little exhausted on daily volume. Possible retest of the bottom side of this ascending triangle. Retest would give a lowest price of 262-264 Euro in the coming days, allowing for more supply to drive the price upwards and break descending (dotted) trendline.
Long term: ETHEUR is looking bullish.
We can see the base range for this ascending triangle is around 267 points, give or take. This would give us a target range of about 610 Euro in the long term, once there is a break to the upside of this ascending triangle at the 345 Euro area. We are looking for a break over previous all time highs around mid to late December.
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