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BREAKING: Ethereum price hits new all-time high above $2,550

  • Ethereum price just had a breakout above the previous all-time high at $2,548 and faces no resistance ahead.
  • The digital asset has been outperforming the market for the past two days and it's leading the other coins.
  • The next most significant price target for ETH will be $3,000. 
BREAKING: Ethereum price hits new all-time high above $2,550
FXStreet TeamFXStreet TeamFXStreet

Ethereum has been outperforming most coins in the last three days. The digital asset gained 2% in market dominance while BTC lost three points. 

eth price

ETH/USD daily chart

Ethereum price aims for $3,000 with no resistance ahead

Ethereum continues trading inside an ascending broadening wedge pattern on the daily chart and aims for its upper boundary at  $3,000 as it faces no resistance ahead.

eth price

ETH/USD daily chart

However, on the 6-hour chart, the TD Sequential indicator has just presented a sell signal at the new all-time high. Confirmation of this signal can quickly drive Ethereum price toward the 78.6% Fibonacci retracement level at $2,456. The next level is $2,346 at the 61.8% Fibonacci level.

eth price

ETH/USD 6-hour chart

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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