Ethereum smashed our profit target over the weekend catching some serious momentum and solidly establishing footing at new highs in the $3K handle. This is a significant victory for Ethereum. Both Kovach momentum indicators are seriously overbought right now, suggesting a retracement (or at least a consolidation) is imminent. If you are late to the party, avoid FOMO-ing into a long position at highs. Our next target is $3473.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.