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Ethereum makes a weekend move above $3000

08 Aug, 2021

On Friday morning it was suggested here on the Quick News; that Ether had a move to $3000 firmly in its sights and that it was it has delivered this weekend. The move above 3k was started on Saturday morning. It then drove higher that afternoon, as the price topped out at around $3173. However, and for the time being, despite two efforts on Sunday to break above $3200 it has stalled at $3,190. The move higher this weekend has now surpassed the noted Fibonacci retracement target level at 3,040. The next one of those is in place at 3,356. That level represents a 61.8% retracement of the move down from 4379 (May 12) to the low at 1701 (June 22). The move higher this weekend comes amid a growing number of analyst calls for it to return to levels above 4k in the the near future. ETHUSD is just now trading at 3040
 

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