There is no going back!

Ethereum bulls took the price to a new all-time high today, and ETH is firmly placed above $4,540.

This week ETH entered into deflationary economics with more ETH burned than generated. This puts pressure on price, which has been accommodated by appreciating. It is no surprise that in the past two days, ETH has been setting new all-time highs. The key resistance to watch for is found at $5,075, while support is at $4,354 or around the old ATH from May that has now turned into support.

Bitcoin’s price continues its near-term pullback consolidation, but $60K is holing up nicely, which is a positive signal. If this level fails, we could see downside momentum towards $58.3K to $53K, likely triggered by liquidations and panic-selling.

It is very important to see the $60K level hold as support and for the price to close above $63.7 to form a higher high.

You can buy, sell, trade Ethereum at [Bitmart](https://www.bitmart.com/register/en?r=7QqRed).

**These are my trading signals for the next twenty-four hours.**

![](https://s3.tradingview.com/snapshots/m/M8QD6Ujv.png)

**BTCUSDT**
BUY START: 62000
STOP LOSS: 60600
TAKE PROFIT: 64000
DURATION: 24 hours

**ETHUSDT**
BUY START: 4540
STOP LOSS: 4401
TAKE PROFIT: 4691
DURATION: 24 hours

Enjoy!

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