Ethereum Bouncing Off Support

The ETH/USDT pair has yet again bounced off the lower support line, further reinforcing it. In my last post I held the $1200 resistance as the main target to beat, and it did. Currently, the next target is $1300. When that one gets taken out, the next target is the most recent high of $1350.

With sufficient bullish action from Bitcoin, we might even see a new all-time-high in the near future. Happy trading!