Ethereum hit the half off the ATH price of $400 getting us as low $200. Buyers snapped up the cheap Ether and sellers appear to be exhausted since a short term fib 61.8% line was pierced to the upside. I expect a series higher highs and higher lows to start to form.
Longer term I would expect targets of at least $500 with FOMO targets getting us as high as $900-$1000.
The strong incoming demand observed yesterday on the market both for bitcoin and ethereum, as well as the upcoming events, need I go further ? ... Yes, last but not least every possessor might strongly hold their full-of-potential investment thus reducing the supply.
Cheers all :D
