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ETHUSD $2,700 LONG Target

Largo
KRAKEN:ETHUSD   Ethereum
Looking at the 12-hour time frame of Ethereum we see that its gained the topside of this upwards channel as support going long towards the $2,022 target. Right now it looks like the $2,022 target is going to hit and the run should continue after hitting that level all the way to $2,709.

$2,709 is the 1.618 Fibo level placed after the 1.0 Fibo level at 0.786

ETH looks like its about to soar, bouncing off of the $1784 level holding that as support. It has also been relatively quiet this year after hitting new highs above $1000 earlier this year in January.

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