Ethereum Update: Onward and Upward!

Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further.

Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone.

Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.

Trade ist aktiv:

Next level to visit is $2700! Solid gains for Ethereum!