Given the weak correction on Btc -2.79% and the failed bear attempt for getting even more Bitcoin -2.79% at low levels, things are looking good for Eth. It has doubled from the bottom at 360usd ,now ranging between 600-700usd. My oppinion is that this gives us yet another signal about what to come.
Still :It would be stupid not to see that it can go the other way because there is still a possibility that Eth together with the rest of the market will correct one last time down to the 536usd area before takeoff. I do not think this will happen tho ,and therefore not included that possibility into the chart.
Eth did amazing last year and will continue to do so this year. My views are biased, bullish and promising.
This is not a trade advice of any kind. Just showing the different possibilities that Eth gives us on higher values ahead
My own targets for Eth this year to even think about transfer from my ledger and selling is around 1400 and 1750usd Further ahead we have 2K area and 4700 usd area. This is of course a bit ahead of time. Or maybe its not? -This is crypto and it could happen tomorrow. See where Im going with this. No one knows. The market is neutral and who cares in a few years anyway. Its still interesting to follow and My only and best advice is Hold for the longrun.
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.