ETHUSD Accumulating Around $2500
Looking at the 12-hour time frame of Ethereum we see that it bottomed out along the 1.0 Fib level, similar to Bitcoin along what would be the 33k level, respectively.
Moving forward, we're going to continue slowly accumulating and rising back upwards through the summer until we reach new highs later in the summer.
At the moment, ETH is holding this ascending triangle as it looks like its trying to regain the $2709 (1.618 Fib) level.
After ETH regains the $2700 (1.618 Fib) level, my next targets moving forward are:
TP1 🎯 $2709.76
TP2 🎯 $2910.31
TP3 🎯 $3431.59
As always please do your own research, I am not a financial advisor.
Moving forward, we're going to continue slowly accumulating and rising back upwards through the summer until we reach new highs later in the summer.
At the moment, ETH is holding this ascending triangle as it looks like its trying to regain the $2709 (1.618 Fib) level.
After ETH regains the $2700 (1.618 Fib) level, my next targets moving forward are:
TP1 🎯 $2709.76
TP2 🎯 $2910.31
TP3 🎯 $3431.59
As always please do your own research, I am not a financial advisor.
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