Good Friday,
On top of the 5k$ psychological price, the chart also seems to confirm ETH/USD going to 5K$.
On the daily candle chart, we can see a bull flag formation, the price target, above 4.9K$, is also confirmed by extensions.
Should the price go below 2,886$ we believe this analysis will be invalidated.
Let's wait and see when ETH gets to 5K$, hopefully by summer time.
This analysis are for recreation purposes and are not financial advice. Remember do not invest what you cannot afford to lose.
On top of the 5k$ psychological price, the chart also seems to confirm ETH/USD going to 5K$.
On the daily candle chart, we can see a bull flag formation, the price target, above 4.9K$, is also confirmed by extensions.
Should the price go below 2,886$ we believe this analysis will be invalidated.
Let's wait and see when ETH gets to 5K$, hopefully by summer time.
This analysis are for recreation purposes and are not financial advice. Remember do not invest what you cannot afford to lose.