Where next for Ethereum (ETH)? Long term target 25,000. Short term, 4.236 Fibonacci extension at 5,835 in play

With ETH having broken above its 2018 highs of January of this year and the recent consolidation having now broken to new ATH again, with nothing but blue sky above, its time to start considering price targets.

For short term target, we have to look toward the Fibonacci extension levels to guide us. Given the strength of the market, as shows by the persistently high reading of RSI on the weekly timeframe, coupled with the price action seen in BTC post its rally above its onw 2018 high, I don't think it's unreasonable to expect ETH to move toward the 4.236, Fib extension level at 5,835.

Longer term however, the target can be calculated by taking the percentage size of the base an looking for a rally off the peak of that base (2018 highs). This give us a blue sky target over a multi-month or multi-year timeframe of circa 25,000.