Ethereum Update With Same $6K Target On Strong Bullish Breakout
We have the same chart here we looked at on August 4, Ethereum aims at $6000 (see it here).
We have really strong technicals in favor of the bulls/green side.
The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier").
The price not dipping lower is a good/positive signal.
The longer we have this type of bullish/sideways consolidation at the top, the better the outlook becomes for the bulls.
Breaking below EMA21 ($3165) would be a bearish signal yet we remain strongly bullish above the EMA50 line at $2680.
Overall the outlook continues to be pretty good.
Ethereum (ETHUSD) continues strong.
Namaste.
We have really strong technicals in favor of the bulls/green side.
The consolidation has been really strong with the price staying above the blue space on the chart (our "last barrier").
The price not dipping lower is a good/positive signal.
The longer we have this type of bullish/sideways consolidation at the top, the better the outlook becomes for the bulls.
Breaking below EMA21 ($3165) would be a bearish signal yet we remain strongly bullish above the EMA50 line at $2680.
Overall the outlook continues to be pretty good.
Ethereum (ETHUSD) continues strong.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
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