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.

FXStreet Team FXStreet

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/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/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.