ETH/EUR Next Stop 5600?

ETH is currently soaring to the upside against all major fiat currencies. As our old analysis stated, the 61.8% fibonacci support held, and price is now gearing up to trade into the all time highs. Above this is uncharted territory, and if the fibonacci extension levels ring true we could see a prolonged bull market to the 161.8% extension at the 5600 Euro mark. Both the MACD and RSI are trading at bullish levels. What do you think?

ETHEUR Daily Chart

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