Ethereum $500 & Beyond Incoming
Hey traders,
Since my last ETH analysis, it has reached both our TP levels of $444 & $470. At the moment, Ethereum is fighting for the close above the $470 resistance level which would push the price upwards to $500 and beyond.
The end of October we saw the price of Ethereum bottom out at monthly support around $385 and from there 1st touched $470 and consolidated from there. I thought that we would see lower prices on Ethereum but I guess not, the break through of $470 is what settled it for me. Changed my bearish bias into a bullish one again.
Where are the targets?
As always please do your own research, I am not a financial advisor,
Since my last ETH analysis, it has reached both our TP levels of $444 & $470. At the moment, Ethereum is fighting for the close above the $470 resistance level which would push the price upwards to $500 and beyond.
The end of October we saw the price of Ethereum bottom out at monthly support around $385 and from there 1st touched $470 and consolidated from there. I thought that we would see lower prices on Ethereum but I guess not, the break through of $470 is what settled it for me. Changed my bearish bias into a bullish one again.
Where are the targets?
- A daily candle close above $470 (the 3-year valley on Ethereum) created after the 2017 bull run crash, would send the price to new 3-year highs and spark new interest in the market.
- TP1 🎯 $498
- TP2 🎯 $556
As always please do your own research, I am not a financial advisor,
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