Although Bitcoin is also creating new all-time highs, Ethereum is showing more momentum over the last few days.
From December 2020 to February 2021, Ethereum moved up over 300% before going into a period of consolidation
from February 2021 to earlier this month.
The resistance for the consolidation zone was around the $2000 round number. Following a breakout to the upside,
price retested this level as support briefly, before forming an impulsive bullish move which we are currently seeing.
With $2000 now out of the way, we want to see price head towards $3000 and continue smashing its way through
round numbers.
As with all assets trends will not continue forever without forming a deep decline or a period of consolidation,
so we can anticipate this along the way up.
Like stocks, the cryptocurrency market is looking bullish and may continue for some time but we will look for
early indications based on our proprietary tools to determine when the trend has come to an end. Until then,
enjoy the trends and ensure you are managing positions well.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
From December 2020 to February 2021, Ethereum moved up over 300% before going into a period of consolidation
from February 2021 to earlier this month.
The resistance for the consolidation zone was around the $2000 round number. Following a breakout to the upside,
price retested this level as support briefly, before forming an impulsive bullish move which we are currently seeing.
With $2000 now out of the way, we want to see price head towards $3000 and continue smashing its way through
round numbers.
As with all assets trends will not continue forever without forming a deep decline or a period of consolidation,
so we can anticipate this along the way up.
Like stocks, the cryptocurrency market is looking bullish and may continue for some time but we will look for
early indications based on our proprietary tools to determine when the trend has come to an end. Until then,
enjoy the trends and ensure you are managing positions well.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
