Daily ETH Update

3 בנוב׳ 2021

ETH is continuing its long strong grind upward. It has recently broken out from a "cup and saucer" pattern (bright blue hand-drawn line), so the measured target price from here would be $6400 (fat orange vertical lines). This also sits exactly on the 1.786 Fib line. RSI is holding up nicely and I'm expecting continued upside at this point.