Ethereum Stays Behind? Looking At The Bright Side! ($4K Target)

1 Mar 2022

When we look at the Moving Averages we can say that Ethereum has been left behind compared to Bitcoin... We will turn this into good news of course.

Bitcoin and Ethereum move together.
Ethereum is sure to follow Bitcoin if Bitcoin continues to grow.

Since Bitcoin is already moving ahead, this means that Ethereum has more room for growth.

Let me read some of the signals for you on this chart.

Yesterday we saw a high volume breakout above EMA50;
The highest volume on a 4h candle since June 2021.

Both the MACD and RSI just entered the bullish zone.

Resistance is being faced at EMA100 ($2,964) but if our assumptions above are correct, there shouldn't be any problem moving straight up.

We are putting the main target in the $3,250/$3,420 price range.
We continue aiming higher...

Ethereum has the possibility to hit again 4k.

That's $4,000 USD for 1 ETH.

Thank you for reading.

Namaste.