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ETHEREUM: WEEKLY OUTLOOK

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Are we headed towards new highs? Is ETHEREUM ready to keep flying and reach Pluto?

Well, maybe. You know, nothing is 100% sure in life. The closest thing that we all have to perfection is confidence and belief in our analyses.

From a technical perspective, after piercing through an important level of resistance, the price has come back to re-test it. The same level nicely aligns with the 38.2% level of Fibonacci retracement tool, which gives us some more confirmations and confluences. On the fundamental side, the long-term growth of this cryptocurrency is almost inevitable, as the overall sentiment is really bullish and investors are pretty positive about it.

Well, after all, as per usual, time will tell what happens. Patience is one of the most important things in trading, remember?

Trade safe and have a great week, family!

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