Ethereum's Next Profit Targets

15 Apr 2021

Ethereum has gained significantly, smashing our profit target. It has not shown the same retracement as Bitcoin. The Kovach OBV is registering a lot of momentum here, so this could indicate that we are oversold at the moment. We could see a retracement back to lower levels at $2232 or $2143. However this should be thought of as a buying opportunity if we do. Our next profit targets for ETH are somewhat ambitious: $2556 and $2651. It is likely to pause for air, but if the bull momentum continues it could reach these levels by next week.