Ether is now on a path to a new all-time high and this week is hyper-bullish, as bullish as it gets.
Notice the lower wick on the current session; the week started negative and as it reaches its end, it turns positive. The action is happening at the top of the candle and this means we will see green Saturday, Sunday and for months to come.
The lack of bearish strength on the last retrace shows that sellers are simply not present.
The strong advance today and marketwide bullish action reveals a huge demand for crypto, so strong, that prices can only grow.
Ethereum (ETHUSDT) is now set to hit a new all-time high but that’s not all. As I explained in a previous publication, the all-time high is not a major resistance level, it will break easily. This means that Ether will continue growing with the first target being $5,790 on the current move. $8,513 is also a high probability target later this year. We might go even higher.
The bullish bias is now fully confirmed. Ether is going up.
The cryptocurrency market will continue growing. The altcoins market will continue to heat up. This is only the start.
Namaste.
