✴️ Ethereum | $2,222+ Ready (Name Your Altcoin #41)

15 de fev. de 2023

As we continued with the "Name Your Altcoin" series, I wondered if nobody cared about Ethereum... This pair was only requested once out of hundreds of request and so, here it is.

Ethereum can easily move above $2,000 and hit $2,222.
This is part one, Ethereum is likely to go even higher, maybe even above $4,000; We will have to wait and see.

Ethereum (ETHUSDT) broke its August 2022 downtrend and has been bullish since.

After peaking in early February, it has been on a minor retrace that tested EMA50 as support and seems to have reached its end.

The bulls are strong here because as the retrace took place a bounce happened before hitting MA200/EMA100 and ETHUSDT never closed below EMA50 with today moving back above EMA10; In short, the bullish bias is supported through the chart indicators on the short, mid- and long-term.

With higher lows since June 2022 and strong growth since mid-January, we can expect the bullish wave to resume now that the retrace reached its end.

We finish right where we started...

The targets are as follows:

1) $1,782

2) $1,975

3) $2,222

4) $2,931

5) $4,079

Mid-term, within 1-3 months.

To be more exact, within 1-2 months because the action started mid-January, the market will take care of the rest. All the signals are bullish so far.

On a drop, MA200/EMA100 is the main support around $1,450.

Thank you for reading...

Follow me, let's continue!

Namaste.