To say ETH (Ethereum) has performed well for us would be a massive understatement.
Ethereum was trading at $243 when I first mentioned it on this site.
That’s also when I was buying ETH.
Fast forward to today, and the cryptocurrency is trading at $1,160.
I’ve since bought several pullbacks along the way, including the recent dip below $1,000, as I announced on Twitter.
Anyone who bought ETH last year has at least doubled their money.
Even those who bought on December 31st are up over 50% as of this post.
But today’s article is about what’s next for the ETHUSD chart.
More specifically, what happens now that the market is hovering just below all-time highs around $1,440?
But first, there is no way for me or anyone to know exactly when Ethereum will make new all-time highs.
It could happen a few days from now or a few weeks.
However, I am confident that new highs for ETH are only a matter of time.
And if Ethereum follows Bitcoin, a close above the $1,440 area will send ETH to $3,000 in less than a month.
As Daily Price Action members know, I’ve called for ETHUSD to surpass $10,000 this year.
I’ve mentioned that since ETHUSD was trading at $250 last year.
So far, ether is right on track.
Just keep in mind that nothing goes up in a straight line.
Four days ago, ETHUSD completed a 32% pullback, and there are bound to be more retracements throughout 2021.
That said, I’ll continue to treat dips as buying opportunities, especially while ETHUSD trades below its all-time high near $1,440.
[thrive_custom_box title=”” style=”dark” type=”color” color=”#fef5c4″ border=”fadf98″]
Want to Watch the ETHUSD Video I Just Released to Members?
Get a Lifetime Membership Today and receive exclusive member-only content including one to two new videos every day. Save 40% in January!
[/thrive_custom_box]
Want me to help you become a better Forex trader?
Get a Lifetime Membership to Daily Price Action today and receive access to Justin’s full price action course, dozens of forums with over 4,000 members, daily videos of trade ideas, direct access to Justin, and much more!
Save 40% on a lifetime membership in January!
What is your analysis of XRP?
thanks for the up date justin.