Ethereum (ETH) is at the very beginning of long-term bull-run. This is quite visible in the weekly charts where it has formed a higher-low, with the 55-day moving average offering strong support. The 55 – day MA is a strong support because after dropping for months, Ethereum reversed at this moving average, at around $377. It then rallied to $824 before correcting back to the 55-day moving average at $496.
For a long-entry with an exit target of next weekend (8th – 9th June), it is best to wait for Ethereum to break above the 55- day moving average on the daily charts, at around $628 -$630. Once in, the first price level to watch is $700 – 720, around the 200-day moving average. If it breaks above this level, the next target should be $780 - $800, a price level that Ethereum has consolidated at, in the past.
Summary:
Entry level - $628 – 630
First possible exit point - $700
Second possible exit point - $780 - $800
PS: This is not financial advice.