Ether Prices Recently Reached Fresh Highs—What’s Next?

Ether Prices Recently Reached Fresh Highs—What’s Next?

Technical analysts shed some light on ether prices. (Photo by Jaap Arriens/NurPhoto via Getty ... [+] Images) The digital currency rallied to as much as $4, 213. 46 early this afternoon, reaching a fresh record price, CoinDesk data shows. At the time of this writing, the cryptocurrency had pulled back somewhat, and was trading close to $3, 950, additional CoinDesk figures reveal. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Should ether prices push lower, they might head to $3, 500 next, a level that several technical analysts identified as providing key support. "Support levels will be found at $3, 500 and $2, 800," said Mark Warner, head of trading at BCB Group. Jon Pearlstone, publisher of the newsletter CryptoPatterns, also weighed in, indicating that: "First support would be the $3, 500 level, which if broken would lead to a test of stronger support at $2, 500." Pearlstone, in particular, noted that after rising above $3, 500, the "$4, 250 range" became the next area of important resistance. If the digital currency can surpass that particular price level, "traders should keep