Ethereum Price Rally Hits Our Upside Target, Consolidates

in LeoFinance •  5 months ago 

Last post about ethereum we talked about the 270 area as being the next upside target so it isn't much surprise that we would see a pause in price at this level.

Leveled Up, Again!

Looking at the chart you can see price blasted through the 230 level and wasted no time hitting the top side of that next range.

Now that price rallied aggressively to the top of the range so consolidation (read: profit taking) is to be expected. Over the last 48 hours price has basically dance around the 270 area.

What Next?

We will either see a pull back which allows for downside to 230 while still remaining bullish or price will just decide to keep on rolling and level up through this level with a close above 270.

The next upside target would be 315 if price was to continue pushing.

Scaredy Cat Guide Logo..jpg

Posted via Steemleo

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Big gains for ETH!! What do you think about the ERC 20 token, PROPY?

I have a link to it on a post I made if you want to check it out!