ETH: Trader Eyes Quick Return Above $2000
ETH trades at $1917.99 as Michaël van de Poppe flags strength above 0.03 BTC and targets $2000 soon on the 4h chart.
SourceAnalysis
ETH continues to show strength, therefore carrying the rest of the markets alongside, according to @CryptoMichNL. It's back above 0.03 and the trader thinks it's going to be back above $2,000 fairly soon, calling today a dip for buying.
Price sits at $1917.99 inside the Bollinger Bands with upper resistance at $1974.1 while the EMA50 at $1897.96 and EMA200 at $1816.42 anchor the bullish structure; the neutral RSI at 53.15 combined with the MACD death cross points to a measured pullback toward the 50-EMA before any extension higher in this ETH price prediction.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast