The cryptocurrency market continues its crazy bull run, ETH being one of the big stars in this run continues to be one of my favorite trades.
Our previous target of $670 was reached about 2 days ago and I took some profits off at $670 but it looks as if ETH will continue to break new highs.
ETH does look over bought at the moment however momentum is still looking strong on the bullish side, a minor correction to around $675 might be due however it looks more than likely $735 and$790 will be new targets. Maybe even $850 but that might be overly optimistic.
A close below $620 is a good stop loss or exit level. This analysis is good until the 16th of December.
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The Technical charts are based on Bittrex ETH/USDT 240
Disclaimer: The author currently holds positions in ETH