The price development of Ethereum (ETHUSD) has been pleasing numerous investors and traders for some time now. The price is heading in the right direction and it seems that it is only a matter of time before it breaks above the USD 2,000 mark, especially at the end of the day. In this context, it is doubtful whether there will be another major swing to the south. Rather, one should assume that if the coin has risen above the USD 2,000 mark, it should immediately continue upwards to USD 2,090. Above this level, there is a tendency for an additional appreciation to 2,630 USD. But even there, performance is most likely not over. As is well known, the rally feeds the rally and as long as there is no sign of reversal signals, these should not be interpreted.
A kind of warning, on the other hand, would be given in the event of a drop below the support zone of USD 1,440. Should this happen, the upward trend since the beginning of the year would be broken and the repeatedly confirmed support at USD 1,440 would be abandoned. Drops to USD 1,150 and USD 1,100 should subsequently be taken into account.
Note:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a purchase recommendation or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
A kind of warning, on the other hand, would be given in the event of a drop below the support zone of USD 1,440. Should this happen, the upward trend since the beginning of the year would be broken and the repeatedly confirmed support at USD 1,440 would be abandoned. Drops to USD 1,150 and USD 1,100 should subsequently be taken into account.
Note:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a purchase recommendation or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
