Ethereum 50% off the all time high (ATH)

Ethereum hit the half off the ATH price of $400 getting us as low $200. Buyers snapped up the cheap Ether and sellers appear to be exhausted since a short term fib 61.8% line was pierced to the upside. I expect a series higher highs and higher lows to start to form.

Longer term I would expect targets of at least $500 with FOMO targets getting us as high as $900-$1000.

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Higher high seem to be confirming a bottom down here.