Ethereum has finally done it, it has broken above the crucial 200 Day EMA. Ethereum price ETHUSD cryptotrading
We are now well above the $3000 level as well, and now it looks like we are ready to swing higher. This has been a rather choppy move, but Thursday was much more decisive than the previous three days ahead of it. Because of this, it is likely that we will continue to see buyers jumping into this market on dips now.
Bitcoin has looked rather well over the last couple of days also, which tends to lead Ethereum going higher.Looking at this chart, I could see a path to much higher levels, but obviously, we need to see more momentum. Having said that, I think it is coming as we are starting to see more and more interest in this market.
At this point, I look at this as a massive “W pattern” that can also be used to protect a final target closer to the $4000 area.
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