ETH/USD price prediction

ETH long term price prediction update - 01.09.20

By eliaskh | Trading Ideas | 1 Sep 2020


As announced in my previous analysis, the ETH has reached and broken our first target at 415$. The price is now evolving above this level of 23.6% of Fibonacci. It now reached 462$, a level that wasn't reached since August 2018.

ETH 010920

 

I expect a continuation of the bullish move towards a mid-long term target at around 623$.

Here are my next targets:

My next targets are the next levels of weekly Fibonacci retracement:

TP1: 415$ (short term target and 23.6% level of Fibonacci) => Target reached
TP2: 623$ (38.2% level of Fibonacci)
TP3: 792$ (50% level of Fibonacci)
TP4: around 1000$ (61.8% level of Fibonacci)

 

Disclaimer: This is a trading idea and not a recommendation to buy or sell. Please trade based on your own convictions.

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