Ethereum price forecast - will you soon no longer be able to buy Ethereum for less than $ 5,000?

In our last Ethereum price forecast , we wrote that the price could probably begin to correct, since we had reached the first goal of an ABC sequence. This is how it happened. The price was able to achieve the first target of the correction, which is approximately $ 4,000. But could the price reach new highs and a new all-time high soon? Today we explain to you about the Ethereum price, how it could go on.

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Ethereum price correction completed - is it now down to $ 7,000?

It seems like the Ethereum course has completed the correction. We conclude this because the price was able to hold the support of approximately $ 4,000. Furthermore, the price in the subordinate chart has already developed a small upward trend, which is why we can assume that the price could soon reach a new all-time high. Should this happen, we assume that the ABC sequence has ended. The end goal of the sequence is between $ 6,500 and $ 7,250, which is why the Ethereum price could soon be above $ 7,000. We could imagine a correction to the $ 5,000, but after the course has completed the ABC sequence, we will not see any more courses below $ 5,000 for the time being.

The indicators of the Ethereum price are also bullish, which tells us that a new all-time high is only a matter of time. The MACD soon crosses bullishly. Furthermore, the RSI is in the neutral area, which could ensure rising prices.

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