FREE ETHEREUM ANALYSIS UPDATE
Ethereum is still on fire with a 50% upside potential
- Yello, ladies and gentlemen !
Yesterday Ethereum finally tested our projected resistance. At this point, the $3500 supply is being defended by the sellers. Although breaking higher will be extremely positive for the ETH in the months to come.
The most recent high has been established at $3533. When there will be a clear daily break and close above this resistance, the ETH might initiate a rally. Eventually, this rally might end near $5180, which is 50% away from the current price.
The $5180 level corresponds to two Fibonacci retracement levels, making it one of the most important long-term resistance levels. Besides, it is very close to the 5k key psychological supply/demand area.
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