Trade: Long
Target: $5000 - $5100 range
Crypto rally paused, which is a good time to make some purchases. Ethereum is consolidating in this falling wedge with the main support at $4650.
As we can notice at the RSI and MACD charts the asset is still kinda "overbought" compared to previous lows, that's why one more tiny correction is expected. Buy range is between $4550 and $4650. After that Ethereum will finally reach the psychological $5000 mark.
Target: $5000 - $5100 range
Crypto rally paused, which is a good time to make some purchases. Ethereum is consolidating in this falling wedge with the main support at $4650.
As we can notice at the RSI and MACD charts the asset is still kinda "overbought" compared to previous lows, that's why one more tiny correction is expected. Buy range is between $4550 and $4650. After that Ethereum will finally reach the psychological $5000 mark.