Ethereum Getting Closer To Setting New All Time Highs 2021
Ethereum has been on a complete moon ride the past couple of weeks with not much signs of slowing down. Yesterday on January 4th we broke slightly past the 0.786 on the Fibonacci Retracement trading slightly past $1150 before coming back down into the $1000 - $1050 range were it currently is trading now.
I believe we can expect another pump up to $1150 from these levels to retest the 0.786 on the Fibonacci Retracement at $1150. The next major resistance level for Ethereum is the previous all time high of around $1420 - $1440. Once Ethereum breaks past its previous all time high we will enter a new price discovery phase and set new all time highs. It is extremely overbought blasting past the 70 on the RSI so buy with caution. Everybody should have Ethereum in their portfolio!
Safe trading and investing. Cheers!
I believe we can expect another pump up to $1150 from these levels to retest the 0.786 on the Fibonacci Retracement at $1150. The next major resistance level for Ethereum is the previous all time high of around $1420 - $1440. Once Ethereum breaks past its previous all time high we will enter a new price discovery phase and set new all time highs. It is extremely overbought blasting past the 70 on the RSI so buy with caution. Everybody should have Ethereum in their portfolio!
Safe trading and investing. Cheers!