ETH – More Upside Likely

Prediciting the price movement of Etherum has been easiy with the coin floating over a universal trendline (dotted black). After touching the all-time high of $4866 on November 10, 2021.  

Taking a small correction to the lower support of EMA 100, $4507, Ethereum is still resting there. Below the current price level, there is trend line support, and the price is expected to bounce and rise to fib 0.386 to $4694. A small retracement to lower trend line and finally rise again to $4808 and then to the resistance of $4866. Ethereum can find support at $4100 above EMA 200 in case of a major price correction.