Ethereum rejected off of the $670 monthly level and pulled back from there, although I was expecting it to at least hit $687 before pulling back. From here, ETH is holding $636 support at the moment with $623 support backing it up.
However these supports listed are fractal to the 4-hour, no timeframe higher, so that means the real support for re-entry is $617.
The re-entry zone from $601 - $617 is the prime target i'm looking at. ETH could even come back down to $585 - $590 and wick the start of the local uptrend before continuing its move up. It's going to be really interesting watching this coin move throughout the holidays and new year and where we'll reverse from/
Whenever and wherever we reverses from, my targets are still $670 & $687 and if ETH can close over $687 then it's going to $788.
Beyond the $687 TP level, $788 would close out the 3-year resistance level that's been holding the price of Ethereum down.
Let me know your thoughts
Cheers traders
kyer
However these supports listed are fractal to the 4-hour, no timeframe higher, so that means the real support for re-entry is $617.
The re-entry zone from $601 - $617 is the prime target i'm looking at. ETH could even come back down to $585 - $590 and wick the start of the local uptrend before continuing its move up. It's going to be really interesting watching this coin move throughout the holidays and new year and where we'll reverse from/
Whenever and wherever we reverses from, my targets are still $670 & $687 and if ETH can close over $687 then it's going to $788.
Beyond the $687 TP level, $788 would close out the 3-year resistance level that's been holding the price of Ethereum down.
Let me know your thoughts
Cheers traders
kyer
