ETH – Headed for $5000?

Ethereum is following Bitcoin higher, making a new record above $4800, a target level mentioned in yesterday’s analysis. 

Ethereum is rising right above the EMA 20 with EMA 50, 100, and 200 far below. If Ethereum holds the $4800 level, it can target to next price level of $5000 near fib 1.618 however a retracement can find support near EMA 100 or at fib 0.5 near the $4500 mark.