Hello traders
Here's a weekly time frame on ETH:USD.
As you can tell, it looks like Ethereum is pretty much mimicking the movements of BTC, and it looks like it is starting its parabolic run just like bitcoin did.
Looking at the charts you can notice that we finally broke above the $270 level which we struggled to break for a long time, and now nearing an important level of resistance at around 350-380.
This level would dictate where we are going to go next, a clean break and close above this level would take us to $500 where's the next level of resistance located.
I've highlighted the targets we need to look once this level breaks, with $500 being the first one and the 600-650 would be the next target that also confluences with the monthly level of resistance.
All we need is break of this level for Ethereum to sky-rocket towards ATH.
Here's a weekly time frame on ETH:USD.
As you can tell, it looks like Ethereum is pretty much mimicking the movements of BTC, and it looks like it is starting its parabolic run just like bitcoin did.
Looking at the charts you can notice that we finally broke above the $270 level which we struggled to break for a long time, and now nearing an important level of resistance at around 350-380.
This level would dictate where we are going to go next, a clean break and close above this level would take us to $500 where's the next level of resistance located.
I've highlighted the targets we need to look once this level breaks, with $500 being the first one and the 600-650 would be the next target that also confluences with the monthly level of resistance.
All we need is break of this level for Ethereum to sky-rocket towards ATH.
