From here i'm expecting ETH to break out of this valley and break through the $2022 level as it heads to regain this upwards channel going long towards $2700.
The $2022 level not only is a psychological barrier at $2000, but also is the 1.0 Fib level, arguably the strongest of the Fibs. Once this level breaks to the topside, it is wraps. ETH is going to hit $2700 and above. At the same time this is going on, Bitcoin should also be posting new highs and hitting the $68,000 mark I called out a few days ago. Since then it has been trending upwards slowly but surely.
Thank you traders for your continued support, i'd love to hear your thoughts on the market in the comments below.