✴️ Ethereum Technical Analysis No Guessing (555% Not Over!)

Ethereum (ETHUSDT) is trading above MA200 with the strongest RSI numbers ever on the daily timeframe in this exchange.

• 9 consecutive days closing green.
  
• Within a 16 days period only two minor red closes for consolidation.
  

While normally ether moves ahead of bitcoin, hitting new highs while bitcoin is yet to get there, things have been reversed. What does this mean?

When Ethereum hit a higher high and Bitcoin was left behind just a week or so ago we took it as a bullish and this was later confirmed.

Now, Bitcoin going ahead is easy to understand because Bitcoin hit a new low in November compared to June while Ethereum hit a higher low... But this doesn't change the fact that Ethereum has more to give, there is plenty of room left for additional growth.

The next target is set at EMA300 or $1,700, followed by $2,000+ on the 1.618 Fib. extension.

On a drop, the relevant levels are as follows:

• - $1460 for EMA10 and fib. support.
  
• - $1380/$1400 for MA200, EMA21 and fib. support.
  

We are safe, with a buy at $1170... We only need two more targets before reaching our planned 555%.

Namaste.