A few days ago I predicted an Ethereum price of $1,200. I think this will likely happen sooner than I thought. Looking at the Elliot wave, this might happen around the end of the month. However, we also have the fork coming up which might alter this and drive the price target to $1,200 sooner than we thought.
Volumes seem fine, but not as much as the vertical blast off sections we've seen before. A pull back would see support around the $875 level with a floor of $822.
Either way, momentum seems likely to hit the $1,200 target here soon!
Happy 2018 and happy trading!
