Ethereum Course before important hurdle.

Welcome to a short update on the Ethereum course. As the headline has already revealed, we want to take a look at the charts and ask ourselves the question whether Ethereum will be able to be one of the big winners in the market in the coming weeks. Currently, the number 2 crypto currency definitely does. The Ethereum share price has risen about 14 percent in value in the last 24 hours alone. But is this already the end of the story or is more to come?

This is exactly the question we are addressing here and now. So it should be exciting, as usual. I wish you lots of fun!

Ethereum Course Races Against the $180 Wall

A glance at the Ethereum Chart tells us that the Ethereum course has broken out of its formation. This was an ascending triangle. The breakout from this formation is also the explanation for the current small pump of the ETH prize and could be a harbinger of what awaits us at Bitcoin.

It is very likely that we are currently expecting a small decline in the Ethereum price. At around USD 180, there is a resistance that is quite a challenge and which must first be overcome.

However, it is astonishing how quickly the Ethereum price has recovered from the price losses since the big collapse. This certainly demonstrates the strength of the number 2 in terms of market capitalisation and shows why Ethereum is sometimes one of the hottest irons in the crypto fire.

If the USD 180 mark is broken on a sustained basis, I personally would not be surprised if the Ethereum share price were to target USD 280, possibly even before Bitcoin Halving. However, this is of course strongly dependent on what the price development of Bitcoin, the driving force, dictates. Since bullish tendencies can also be seen there due to the breakthrough of the 7,000 USD limit, we could actually follow a small upward trend until the halving, which will probably be followed by a subsequent sell-off.

However, as always, the future will show how it actually happens.