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This is a simple chart to show that Ethereum has yet to close a Weekly candle below $580 or the blue support line (previous resistance). Hence the wicks we see below that level. This suggests that buyers are strongly stepping in at the buy/long range of $580-525 and buying any dip presenting itself before the next rally towards the ATH at $1420 roughly which will likely happen in Q1 2021.
Once the ATH is reached and breached, the Megabull is on for Ethereum with a computed final target somewhere around $10,000.
Happy trading! Carl M.
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ETHUSD towards $2,700-2,760
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New idea published on tradingview explaining why short-term ETHUSD is heading towards $2,700-2,760 by February 8 CME Futures Contract launch!