Ethereum Poised To Rocket Above $700

Since vaulting back above the $500 level five days ago, Ethereum has spent the last several days oscillating within a fairly tight range – there are now strong signs that Ether could be getting ready to launch into its next advance:

ETH/USD (4-Hour)

A decisive breakout above $535 would target $575, then $625. It’s also worth noting that if $360 is in fact a major low (which looks quite likely at this point), the next advance could be the 3rd wave of a 5-wave Elliott Wave sequence which means that this next leg higher should target $740+ before the next correction takes hold. There is minor support at $520 followed by a much bigger level down at $500.


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