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CryptoPlanet

THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Ethereum to $700?

Ethereum has broken above a key resistance zone and is likely on its way to $700-$800.

On the chart we marked this as the next strongest resistance zone. There is hardly any resistance until we get to this area. I find it likely that we will reach $700 in the short term with ease.

I made sure to circle two areas on the chart. At both of these points we’ve seen a strong bounce from around $380. At the first bounce we’ve seen price rise from $380 to ~$800.

I find it likely that we will see a similar outcome happen this time as well.

This trade appears to be low risk with high potential for reward.

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