ETHUSD

We begun covering the ethereum price action since last year September. During that time price traded at $400 fast forward to today price now trades at 1784.02 at the time of this writing. This shows us how far the ETHUSD price action has moved from that time up until now.

ETHUSD H4 chart 12 February 2020
ETHUSD H4 chart 12 February 2020

Looking at the charts you will see that price currently trades at its higher high and shows possibilities of moving even further . The question we ask is where is the ethereum price is currently headed . Analysts believe that this similar to the bitcoin still holds potential soar bullish in price. We think that the ETHUSD could trade at $2000 in a few days and could go as high as $3000 by june.

You will notice in the chart that price finds resistance breaking the $1800 level . We think that price could possible retrace to level 1741.66 where it may find support and possible push back bullish and test the resistance level once more before possibly breaking past it.

ETHUSD daily chart 12 February 2020
ETHUSD daily chart 12 February 2020

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