Hello all. Looking at Etherium on the daily chart, I can see numerous bullish signs calling for a pump. It is no secret that ETH even looks stronger than BTC ATM.
Based on the candle wicks we can tell that Etherium found strong support around $3800 and 4k levels which is also the important 38.2 % Fibonacci retracement level.
The stochastic rsi is around 30, indicating an over sold or undervalued condition which is a bullish sign.
Etherium strongly pushed its price up inside the symmetrical triangle, the broadening wedge pattern, and also in the resistance/support zone. This makes me believe that ETH will definitely push towards the $4300 price yet again, to retest the fib golden pocket.
With enough volume I believe that we can see $4700 Etherium by the end of this week which will correspond with the strong VPVR level and also the resistance line of the ascending channel (indicated as "Target"). Fundamentals remain very strong for ETH.
Looking to close above $4750 , above the fib golden pocket, and the descending triangle support line. It will put us at $5200 (about 20% plus gain) within 7 days, or just before Christmas (Dec 25th).
whosjfk
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Great Analysis, will be following your inputs. Thank you!