Ethereum 50% off the all time high (ATH)

Ethereum hit the half off the ATH price of $400 getting us as low $200. Buyers snapped up the cheap Ether and sellers appear to be exhausted since a short term fib 61.8% line was pierced to the upside. I expect a series higher highs and higher lows to start to form.

Longer term I would expect targets of at least $500 with FOMO targets getting us as high as $900-$1000.

Kommentar:

Higher high seem to be confirming a bottom down here.