Ethereum $1,000 Possible? (Weekly Forecast)

Ethereum sold off last week, breaking below the $2,000 level and closing the weekly candle around $1,800. This week hasn’t been much better as ETH continues to follow Bitcoin’s lead and drift lower. With the 2017/2018 highs in sight, a drop to the low four-figures is not out of the question.

(June 28, 2021 8:30 PM EST)

Short-Term:

ETH is still above the 50 and 200 Week EMAs, meaning the long-term uptrend is well in-tact, and dips continue to be buying opportunities. There is still downside…