ETH: Trader Sets $2,000 Breakout Target
ETH at $1846.46 holds $1780 support per @CryptoMichNL with next targets at $2200-2400 as upward trend flips resistance levels.
SourceAnalysis
ETH holds the $1,780 support level and is running a fresh upward trend that flips prior resistance into support, making a move to $2,000 and beyond the base case according to @CryptoMichNL.
Price sits at $1846.46 inside the Bollinger Bands with upper resistance at $1940.01 while the EMA50 at $1831.75 and EMA200 at $1771.8 act as layered support; neutral RSI at 48.61 combined with the MACD death cross suggests a brief retracement to the 50-EMA before continuation toward the $2,200-2,400 zone remains the path of least resistance.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast