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Ethereum can aim for $6,500 over the next few months BUT…
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With Bitcoin snapping a fresh ATH above $67,000, market observers now awaited the world’s largest altcoin- Ethereum, to enforce a similar outcome. Currently challenging the upper trendline of its horizontal channel, Ethereum awaited a 60% run up from the breakout point, bringing its price close to $7K.
However, a failed breakout attempt could transpire into some heavy losses for ETH. Bearish divergences along the RSI and MACD presented dangers ahead if bulls are unable to clear the $4,400-mark with conviction. At the time of writing, ETH traded at $4,083, down by 2.5% over the last 24 hours.
Ethereum Daily Chart
Source: ETH/USD, TradingView
Ethereum’s three distinctive highs around $4,300 along with three lows around $1,700 indicated a
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