Ethereum
Long
Updated

Ethereum - Finally Starting The Parabolic Rally!

4 510
Ethereum (ETHUSD) is is starting to catch up to Bitcoin:

snapshot

Click chart above to see the detailed analysis👆🏻

After Bitcoin finally managed to break above all of the previous all time highs, it is now Ethereum's turn to catch up. Market structure is still obviously bullish and with a pump of +35% over the past week, momentum is starting to pick up and bulls are stepping into the market.

Levels to watch: $4.000, $15.000

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Ethereum (ETHUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Just remember that every crypto cycle starts kinda slow and it takes time to build up momentum. Over the past couple of days, we saw how quickly things can get moving and Ethereum still remains extremely bullish. The trendline is holding and the target is still the previous all time high.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Ethereum (ETHUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

After testing our patience a lot, Ethereum is finally starting to catch up with Bitcoin after an incredible rally of about +50% in November. There was still no new all time high yet, but following previous cycles and the overall bullish crypto environment, this task also seems to be just a matter of time.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)

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