Ethereum Aims at $600 Next? See it here...

Ethereum (ETHUSD) has been on a very strong run and is now aiming at $600+ based on my fib. numbers.

We have immediate resistance at $484 followed by $538.
Looking at the momentum and the strong bullishness the market is experiencing, we are looking to see $600 soon.

Conditions for change
If prices break and close below EMA10 the bullish bias loses momentum and there can be a drop.

Any trading above EMA10 we remain strongly bullish on Ethereum (ETHUSD).

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Namaste.

Comment:

We have a strong bearish candle today.

If prices for ETHUSD move and close below EMA10 the above analysis is invalidated; the short-term bullish bias is lost.

Namaste