Ethereum & the majority of the altcoin market has been very outperformed by BTC on these recent moves up.
Bitcoin is definitely having its shine right now, but that doesn't mean the rest of the market isn't pumping. Basically if you would've longed any crypto last night you would be in the green this morning.
At the moment, ETH has broken through $400 & is currently fighting to close over $415 on the daily. A huge reversal in market momentum with this coin that almost seemed to happen overnight.
Where are the targets?
Bullish Scenario
Bearish Scenario
As always please do your own research, I am not a financial advisor.
Bitcoin is definitely having its shine right now, but that doesn't mean the rest of the market isn't pumping. Basically if you would've longed any crypto last night you would be in the green this morning.
At the moment, ETH has broken through $400 & is currently fighting to close over $415 on the daily. A huge reversal in market momentum with this coin that almost seemed to happen overnight.
Where are the targets?
Bullish Scenario
- ETH closed the daily over $415 and is on its way upwards to $444
- It's very bullish that we haven't seen a major correction off of the $415 level... yet. The candlesticks are forming a pattern to push up the price beyond this level. This $415 was my previous sell target placed in my previous post.
- TP1 🎯 $444
- TP2 🎯 $470
Bearish Scenario
- Daily candle close under $415 would send the market in the direction of a retouch of $401 level ($400 psychological level)
- Excellent opportunity to pick up more Ethereum while the price is low
- Potentially could see one more sub-$400 ETH price.
As always please do your own research, I am not a financial advisor.
액티브 트레이드:
TP1 🎯 @ $444 (hit), seeing some consolidation around this level before the spike up to close out the 2-year valley @ $470 (TP2 🎯). Momentum will continue upwards if we can see a daily close of ETH above the $444 resistance turned support level.
