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Ethereum could be heading to 3.5K
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@luueetang
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1 min read
London hardfork has gone live. The price went up from the 2500 USD range straight up above 2.8K. However, there is currently resistance at around 2850 range. Ethereum needs to break this resistance. From then on, it is clear skies to 3.5K.
However, we may have some short term retracement due to Ethereum moving uptrend too fast. For the last two weeks, it has gone from the 1.7k range all the way to 2.8k. Consolidation then another push up, hopefully to 3.5K and a breakthrough that level to 3.8k before a minor retest of the 3.5k range.
Bitcoin is currently threading at the 40K level. If it breaks through 42k, there is no stopping Ethereum from moving back up to 3.8k. Is Ethereum following Bitcoin's 2017 trajectory?
tradingview Bitcoin in 2018.
