Welcome to this quick Ethereum update. I'll keep it short and simple. Ethereum is very bullish and my EOY target for Ethereum is $10k but let's analyze it in a shorter time frame.
Let's get to the chart. Ethereum currently trading above $3400. Here is very strong support at $3340-$3450 which is most likely to be held. If this support is held then it is most likely that Ethereum can reach up to $4000. Also, rsi shows a bullish divergence in 4hr timeframe. So IMO Ethereum should bounce from here.
If this support is broken then our next two supports are around $3000 and $2500.
If you like this idea then hit the like button and share your views in the comment section. Also do not forget to press the follow button.
This is not financial advice. DYOR before investing.
Thank you.
Let's get to the chart. Ethereum currently trading above $3400. Here is very strong support at $3340-$3450 which is most likely to be held. If this support is held then it is most likely that Ethereum can reach up to $4000. Also, rsi shows a bullish divergence in 4hr timeframe. So IMO Ethereum should bounce from here.
If this support is broken then our next two supports are around $3000 and $2500.
If you like this idea then hit the like button and share your views in the comment section. Also do not forget to press the follow button.
This is not financial advice. DYOR before investing.
Thank you.
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