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Ethereum price forecast - is the correction already over?



If we look at the Ethereum chart without any trend lines, support, resistance etc. and only use the Fibonacci tool, the chart looks bullish. The course is corrected with the last correction up to the GoldenPocket. Since the Ethereum rate tested the last GoldenPocket, the rate has not seen a major correction. Now the price has tested the GoldenPocket of the last upward move. From this we can draw the information that the Ethereum price could probably form a new upward movement, thus a new higher high and also a new all-time high.

The Ethereum price is still above the lower trend line, which serves as support. So we have no concerns here either. Next, the price could test the upper trend line as this is a sequence in a trend channel. Since the next target is the top, it is difficult to determine where the target is. It all depends on how quickly the rate increases in which period. As an approximate target, however, we can take $ 5,500. If we can determine the goal more precisely, there will be a new Ethereum course article. 

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