Wednesday, November 15, 2023

Ethereum Chart Update

Ethereum, the second largest cryptocurrency behind Bitcoin, is having a solid year to the upside, thus far, up around 65%. The weekly chart looks bullish on an intermediate basis, (weeks to months) with higher lows occurring, prior to the previous low. The current move higher has been strong, but met with an older resistance point, around the 2120 level, where ETH pulled back from there back in May.  A breakout above that 2120 resistance level, could take it higher 18% to my target point of 2500, per weekly chart below. Thank you for reading. 

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