$2,000 ETH?

Last week's breakout saw Ether close in on the $1,800 target before the futures contracts launch. However, ETH achieved a new record high at $1,765 before a correction took precedence. As the uptrend rebuilds again, Ethereum seems to have the potential to hit new all-time highs above $2,000.

As you can see, ETH/USD broke the ascending channel last week with 5 waves up constituting wave 3 reaching $1,765. But what's more interesting is that ETH retested the previous wave IV of wave 3 with its 4th wave and now we are waiting for its 5th wave to form and reach the 100% Fibonacci Extension level ($1,947). A break above the $2,000 psychological level could push ETH to soar and possibly reach the 161.8% Fibonacci level at $2,244.