Ethereum Continues North!
Ethereum $500 Soon?
I posted yesterday about Ethereum hitting a new all time high, and today that price has continued it's upwardly direction. Reaching another new high today of $466 USD!
It may have been higher on other exchanges
Overbought?
As we can see from the the daily chart below, the RSI is becoming a little high, meaning that ETH may be overbought on the shorter term:
But on the longer term chart (1 week) the RSI is still fairly low compared to earlier bull runs:
What Could This Mean?
Considering how high both the RSI and MACD were in previous bull-run before we saw a correction, I'm guessing we could still see further upside in the price before another correction is in the works.
Volume is also up massively the past couple of days, as you can see by the 2 big green candles on the first chart.
I'm hoping for further upside in ETH before another correction $500 could be easily achievable, with a further move higher to $550 or maybe even $600 at a stretch.
If you have any opinion of where you think we'll reach before another correction, or where ETH will be by year's end? Let me know down below!
Thanks for viewing!
Not intended as investment or medical advice.
For entertainment purposes only. (Charts are fun right?)
Thank you for this @futuristgear. :c)
As a crypto-newbie I find views such as your own useful in gaining a semblance of understanding - and yes I know that markets are at least partly fuelled by speculation. ^_^
Cheers @pathforger!
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