Ethereum takes another step closer to $2500 target

For some time now, the Quick News updates have been focusing on the potential for Ether to reach a measured move, and trend line based target of around 2,500. Well, yesterday that prospect got a lot close and today it is even close still. The second largest cryptocurrency by market cap has risen to set a new record in Asian trading. The price has reached 2,388 today, So, it is now clearly within striking distance of that 2,500 level. However, and using the same methodology as noted in the previous update on Bitcoin, that target may easily now be extended towards 2,800. Of course at some point there is going to be a very nasty and rapid correction, but at the moment that does not seem to be on the radar, as this one has the bit between the teeth as it continues to charge higher. ETHUSD is just now trading at 2370