In a close future, I expect the price of Ethereum eventually to reach the price of $2000 per Ethereum as a first resistance, where a sideways movement will be seen.
Why?
The price of Ethereum about to break all time high and this event will for sure bring strong bullish momentum, especially on a coin with such large market cap.
I don't consider the $1500 to be a resistance as it's too close to $1440. Of course on the way to $2000 there will be minor resistance levels located at hundred levels, such as $1600, $1700 but these levels aren't enough in my opinion to act as a top of a buying wave.
As MACD is currently suggesting another buying wave, even higher volume is expected than from the move from the second wave from $725 to $1300, resulting in a 80% price increase in a matter of few days.
From 1300 where this MACD wave started to $2000, it's "only" 60%.
The second strong resistance of Ethereum I expect to be found slightly above $2800, possibly around $3000, which would be the twice the current ATH located at $1440 per ETH.
RSI continues to see strong bullish demand and strong buying volume is expected to remain.
Conclusion, buy the break of $1440 if you can!
Good luck with ETH!
Why?
The price of Ethereum about to break all time high and this event will for sure bring strong bullish momentum, especially on a coin with such large market cap.
I don't consider the $1500 to be a resistance as it's too close to $1440. Of course on the way to $2000 there will be minor resistance levels located at hundred levels, such as $1600, $1700 but these levels aren't enough in my opinion to act as a top of a buying wave.
As MACD is currently suggesting another buying wave, even higher volume is expected than from the move from the second wave from $725 to $1300, resulting in a 80% price increase in a matter of few days.
From 1300 where this MACD wave started to $2000, it's "only" 60%.
The second strong resistance of Ethereum I expect to be found slightly above $2800, possibly around $3000, which would be the twice the current ATH located at $1440 per ETH.
RSI continues to see strong bullish demand and strong buying volume is expected to remain.
Conclusion, buy the break of $1440 if you can!
Good luck with ETH!
