Ethereum Bullish Weekly Close | Will It Hit $4,9K or $5,3K Next?

10 May 2021

We have another very good close for Ethereum (ETHUSD) on the weekly timeframe.

Last week closed above $3,600, this can lead to even higher prices.

Now, $3,900 might sound like a lot but only if you are comparing to earlier prices... Remember when Bitcoin was $3,000?

Bitcoin is now worth over $58,000 for one single coin... Ethereum can go through something similar... Remember that this bull market will last for years to come.

There is a lot of room at this point for a correction to take place... But we are reading charts here, just as we have room for lower prices we also have room for more gains.

Trading or not, buying or not, will depend if you are buying for the short or long-term.

Based on my Fib. projections, ETHUSD can hit over $4900 next.

We are supported by the TD sequential, the RSI and the MACD as well.

This is a tricky one... Make sure to plan before you trade.

Will you hold if you buy and it drops?

If it rises, will you sell, how much, and when?

Let us know in the comments...

Thanks a lot for your support.

Namaste.

10 May 2021

Not

Previous trade ideas for Ethereum (ETHUSD)

tradingview.com/u/alanmasters/

Apr-10
Ethereum Hits A New ATH, Aims At 2.5k Followed by $3,25k

Apr-21
Ethereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins Update

Ethereum (ETH) Weekly | $3440 & $4000+ If $2500 Breaks...

May-5
No Signs Of Stopping | Ethereum To $4,444+ Or $5,000+ ??? Ether