Ethereum Consolidates Within Bullish Flag To Go UP!

Ethereum continues to hit new highs and is now trading within a bullish flag.

$1,850 followed by $2,000+ are the main short-term targets.

On a retrace, we have very good support based on Fib. retracements at $1,350 followed by $1,260.

If it gets really ugly it can hit the 0.618 Fib. retracement level at $1,170 before resuming growth...

We are of the opinion that any retracements will be short.

Bottom line: UP, UP, UP, UP & UP!

Namaste.

Yorum:

This is just a small consolidation phase, patience is key.

Price action remains pretty strong as ETHUSDT trades very close to resistance.