ETH- -market spread on 20.02.2021

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The coin continues to move in the ascending channel, which by the way stretches from another $ 1000. An important psychological mark at the level of $ 2000 has already been overcome, and the price does not yet give hints of any stopping of the trend, but on the contrary, it is only gaining momentum.

First, you need to see the reaction to the upper limit of the channel, approximately at the level of $ 2150. If the squeeze continues, we will soon see $ 2500 for ETH, moreover, $ 3000 will no longer seem fantastic.

In general, we expect a parallel growth of this coin along with BTC. Local pullbacks and correlations are not excluded, but in general, the trend is directed upwards, and only upwards.

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ETH- -market spread on 20.02.2021 | Ecency