As can be seen from the chart, the price of ETH has been consolidating in the price range of $1700-4900 for exactly one year from May 2021. However, in recent months, volatility has been declining, and the “spring” is shrinking, hinting that we have a strong momentum ahead.
For ourselves, we see it logical to take a safe long ETHUSDT in the area of $2600-2700. Well, the levels for the feet below are enough, it already depends on what risks you are willing to take on deposit.
If you believe the channels on the schedule, the launch time of the “rocket” will be in early May 2022.
Well and further it would be desirable to see realization of achievement of the targets – $6300, $9100, and can even $16400
We also plotted important price crossings on the chart at the end of June and August, as well as at the beginning of December 2022.
And although the thoughts are set for a super rise ETH price in the future, but the mind should always be kept cold.
Therefore, we suggest you look at the 3-day chart.
The first thing to note is how beautifully the price moves through the channels – aesthetes and pedants should appreciate)
The second thing to note is that a confident fixation of the price ETHUSDT below $2600, nothing good in the long run, may not bring. After all, the space for the fall opens up to the liquidity zone of $300-500.