quantguy

New Highs for ETH Again!!!

Panjang
BITSTAMP:ETHUSD   Ethereum
Ethereum has smashed through all technical levels that we have drawn and has hit our profit target of $3473 on some exchanges. ETH should definitely see some resistance here, as it has appreciated by almost 50% over the past two days. We do appear to be feeling out the current range right now, and perhaps making another run for those highs. We should see a 'dragon head' pattern forming here soon, with support at $3186, or $2962. Observe how well the Fibonacci's align with the technical levels. This confirms their significance. It will take sufficient momentum to break through them. Our next target is $3646.

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