Launch of Ethereum rocket is planned from the level of $2600

Today we will consider the global price chart of ETHUSDT, and what prospects, in our opinion, await in the future.

As can be seen from the chart, the price of ETHUSD has been consolidating in the price range of $1700-4900 for exactly one year from May 2021. However, in recent months, volatility has been declining, and the "spring" is shrinking, hinting that we have a strong momentum ahead.

For ourselves, we see it logical to take a safe long ETHUSDT in the area of ​​$2600-2700. Well, the levels for the feet below are enough, it already depends on what risks you are willing to take on deposit.
If you believe the channels on the schedule, the launch time of the "rocket" will be in early May 2022.
Well and further it would be desirable to see realization of achievement of the targets - $6300, $9100, and can even $16400
We also plotted important price crossings on the chart at the end of June and August, as well as at the beginning of December 2022.
Who studied the Ethereum white paper of the project lengthwise and crosswise? Please write in the comments if something interesting is planned for these dates!

And although the thoughts are set for a super rise ETH price in the future, but the mind should always be kept cold.
Therefore, we suggest you look at the 3-day chart.
snapshot
The first thing to note is how beautifully the price moves through the channels - aesthetes and pedants should appreciate)
The second thing to note is that a confident fixation of the price ETHUSDT below $2600, nothing good in the long run, may not bring. After all, the space for the fall opens up to the liquidity zone of $300-500.
_______________________________
Since 2016,
we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Chart PatternsETHetherEthereum (Cryptocurrency)ethereumforecastethforecastETHUSDETHUSDTETHUSDTPERPethusdtradeTrend AnalysisWave Analysis

🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng
Also on:

Related publications

Disclaimer