Ethereum "Last barrier" | Aims At $6,000

4 août 2021

We've been looking at Bitcoin lately and neglecting Ethereum and other Altcoins... What a surprise to see the ETHUSD chart.

Join me for some cryptocurrency chart related entertainment.


Ethereum (ETHUSD) Daily TF Chart Analysis by Alan Santana

ETHUSD is now facing resistance while slowly but steadily moving higher...

We can see a strong resistance level between $2700 - $3000, which I am calling the "last barrier".

If this level can be taken out, which seems very likely to happen, we can see Ethereum hit $3800 to move and challenge next its All Time High.

Depending on how the ATH is handled we can aim at $5000+ to hit $6,000... This is all strongly possible in a flash.

The chart we are looking now fully support the scenario I describe above.

We have low volume yet prices are cripping up.
We are in the summer yet crypto remains strong.
We have a very strong RSI and MACD.

If the whales/bots/market makers push the bottoms, we will see massive/sudden bullish action form.

As the last barrier is taken out, we can see ETHUSD hit $6,000+.

This is how Crypto works...
One day it is completely as sleep.

The next day it is worth more than Gold.

Namaste.

5 août 2021

Note

We are looking good.

The "last barrier" must be taken out for this analysis to become valid.

7 août 2021

Note

It is looking really good so far.