Ethereum price shaking free of the February high over the last two weeks. Non-fungible-tokens (NFTs) popularity translates into a tonne of potential for ETH investors. “Alt-season” puts ETH at the apex of the cryptocurrency market capitalization. Ethereum price is up for the third consecutive week and crushed the 161.8% Fibonacci retracement of the 2018 bear market at $2,248 today. The outlook remains bullish for ETH, with the next resistance emerging at $2,500. Ethereum price advance still not commanding heavy buying Sometimes rallies take time to attract heavy buying, but it bears watching as the rally continues to unfold. The lack of interest will hurt the odds of ETH breaking through significant tactical levels in the days and weeks ahead. As mentioned above, ETH should close today above the 161.8% extension of the 2018 bear market at $2,248, and it also came close to hitting the 138.2% extension of the February correction at $2,327 on an intra-day basis. The following important target for the advance is the alignment of the 161.8% extension of the February correction at $2,504 and the symmetrical triangle’s measured move target of $2,507. If heavy buying emerges, speculators should consider the 261.8% extension level of the February correction at $3,253 as a possible price outcome in the coming weeks. ETH/USD daily chart In technical analysis circles, it is common to hear that resistance becomes support, and the February high at $2,041 is where the discussion of support begins for ETH. The next layer of support is the 50-day simple moving average (SMA) at $1,800, followed by the 100-day SMA at $1,633. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Wall Street Close: Vaccine woes test bulls even as S&P 500, Nasdaq refresh record top FX Street 1 year Ethereum price shaking free of the February high over the last two weeks. Non-fungible-tokens (NFTs) popularity translates into a tonne of potential for ETH investors. "Alt-season" puts ETH at the apex of the cryptocurrency market capitalization. Ethereum price is up for the third consecutive week and crushed the 161.8% Fibonacci retracement of the 2018 bear market at $2,248 today. The outlook remains bullish for ETH, with the next resistance emerging at $2,500. Ethereum price advance still not commanding heavy buying Sometimes rallies take time to attract heavy buying, but it bears watching as the rally continues to unfold. The lack… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.