Arthur Hayes ladder target strategy for ETH: ETH current price 2672. The first target is 3000—this is the resistance level everyone is watching right now. After a breakout, the extended target is 5000, with a mid-term bullish outlook.
The idea is to take partial profits in batches at the near-term resistance. Before 3000, it’s considered a consolidation range; only once it’s above 3000 can the upside space be considered opened. Based on the current price, there’s about 12% upside to the first target, but in the last 24h ETH is up only 0.5%, so momentum is somewhat weak. Only a volume-backed move and a firm hold above 3000 really counts; then you can look toward the 5000 level.
#ETH
The idea is to take partial profits in batches at the near-term resistance. Before 3000, it’s considered a consolidation range; only once it’s above 3000 can the upside space be considered opened. Based on the current price, there’s about 12% upside to the first target, but in the last 24h ETH is up only 0.5%, so momentum is somewhat weak. Only a volume-backed move and a firm hold above 3000 really counts; then you can look toward the 5000 level.
#ETH