Ethereum is coming up on its previous ATH price on the exchange Kraken for the first time since late 2017 at $1594, just under $1600. This is also coincidentally the 0.618 fib level, placed at $1597.
With this being said, we know that these Fib levels will play out the same as how the levels on BTC were and still are playing out. The only correct way to find support / resistance levels on creating higher highs besides the previous swing highs is to use the Fibo levels.
I started using the Fib levels on BTC after it hit $19,600 support and had a drawdown to $16,000. Since December, i’ve been able to see BTC’s projected path and identify all the levels of resistance in its path / where to take profits.
Not saying this is a crystal ball or anything, but these are the next levels i’m looking at for ETH going long beyond the previous 2017 ATH price.
TP1 🎯 $1594 (Previous 2017 ATH price on Kraken)
TP2 🎯 $1784 (0.786 level)
TP3 🎯 $2,022 (1.0 Fib level)
With this being said, we know that these Fib levels will play out the same as how the levels on BTC were and still are playing out. The only correct way to find support / resistance levels on creating higher highs besides the previous swing highs is to use the Fibo levels.
I started using the Fib levels on BTC after it hit $19,600 support and had a drawdown to $16,000. Since December, i’ve been able to see BTC’s projected path and identify all the levels of resistance in its path / where to take profits.
Not saying this is a crystal ball or anything, but these are the next levels i’m looking at for ETH going long beyond the previous 2017 ATH price.
TP1 🎯 $1594 (Previous 2017 ATH price on Kraken)
TP2 🎯 $1784 (0.786 level)
TP3 🎯 $2,022 (1.0 Fib level)
