🔥 Ethereum Going For New All Time High

Two days ago I made an analysis on Ethereum where I argued that the earlier mentioned channel break out would lead to a strong bullish move in the near future. Both targets at $3600 and $3800 were reached very quickly and are now functioning as support.

With ETH not showing any signs of stopping soon, there's a big chance we're going to see a new all time high in the near future.

For the coming week the main target area is the area between $4200 and $4370 (current ATH). If this area we're to be breached quickly, we might even continue on to $5000.

A more bearish scenario would be a bounce from the ATH back towards the support area between $3600 - $3800.

No matter which direction we're going in the near future, I'm expecting a new all-time high soon.

Happy trading!