Ethereum(ETH): Soon ATH or Not?

Ethereum has been going up the ladder for some time now, pushing further and further towards the ATH zone while not showing any weakness zones.

This kind of sharp upward movement is not healthy for a further bullish run, which means we need to see a correction on the line soon, which would normalize the price and give us a better stand for further upward movement.

With that being said, we are keeping our eyes open, looking to fill those FVG zones in the lower zone (towards 100EMA on a weekly basis).

Swallow Team

Comment:

On a daily time frame, we are looking into Bollinger Bands, where the price has been pushing towards that uper zone of it.

As historically, the middle line of Bolinger bands was the final confirmation of swift in trend, we are looking for a test and break near that zone. Once we see this, we will be looking for a potential movement to lower zones.

Yet bear in mind that we are very close to ATH, and we might see a push or touch to ATH.

Trade closed: target reached:

30% of movement happened from last time we looked at ETH. Coin touched nicely our middle line of BB!