- 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.
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.
ETH/USD 6-hour chart