ETHEREUM – just a matter of time

The second best-known and most market-capitalized cryptocurrency called Ethereum (ETH/USD), followed the mother of all coins - Bitcoin (BTC/USD) - with great strides. However, with the touch of the round mark of 2,000 USD, the appreciation urge stopped. Since the end of February, Ethereum has therefore been in a consolidation phase that is still ongoing. This led to another test of the support zone around USD 1,440 at the end of the month. After a first recovery impulse, another "breath taking" currently seems likely. Consequently, a new upward impulse should open up afterwards and especially above 1,440 USD. In fact, a jump above the level of 2,000 USD per coin allows a further appreciation to 2,090 USD. Beyond that, room for maneuver opens up to the level of 2,630 USD.

A dip below the cross support at 1,440 USD, on the other hand, could turn the current consolidation into a stronger corrective movement. Setbacks to 1,000 USD and possibly even below would not be ruled out at all.

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Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor and investment advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.