Ethereum has broken its resistance of almost 1 year and the next price target for ethereum is approximately $6500.
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If it breaks the rising wedge to the downside then it is having strong support at the previous resistance at $3700. After retesting the support it can shoot up like crazy.
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If Ethereum gives a daily close above 4425 then the immediate short-term price target is $4850.
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We are very close to hitting our short-term Target of around $4850.
Comment:
We just hit our first price target of $4850.