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ðŸ”Ĩ Ethereum Higher-Low After Break out: $2000 Soon?

Some time ago I made an analysis where I looked at ETH and the horizontal channel it was trading in. At that time, a reversal from the resistance area would've been the most likely case. However, I wrote that a big break out candle would invalidate the signal. And indeed, we got the massive green candle breaking us out of the boring sideways area.

ðŸ”Ĩ Ethereum Horizontal Trade: Another Reversal Soon?


As of now, ETH is trying to make a higher low after a minor bearish correction. If ETH manages to close above $1600 soon, I'm deeming the breakout and change of trend successful.

My targets will be $1750 for now, and $2000 in the longer term. An ETH above $1600 would be great news for the bulls. Patience!
Chart PatternsTechnical IndicatorsTrend Analysis

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