ETHUSD Next Level $350...Then What?!?!
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Crypto Untapped Family:
This is a longer form chart that were looking at for #Ethereum.
There is so much going on the backend of this chart with DeFi absolutely blowing up, the demand for ETH will skyrocket. It is the backbone for the entire decentralized finance movement right now. With ETH2.0 and EIP1159 coming out in the next 6-12 months (including rollups and other scaling solutions), there seems to be no question that this is a great entry on ETH. We are seeing bullish movement on low time frames right now, and finally the weekly chart is starting to break out of accumulation.
We are looking at a multi-year bear market come to an end right now. Needless to say, we have alot of time to wait, hence the 1W chart. We always preach zooming out and being patient rather than trying to overtrade.
Hint: Less trades, less work, less effort = more profits. Usually.
With a massive resistance cluster dating back to 2017, were expecting quite a period of consolidation at that level. This will be a great time for altcoins to thrive. We will cover that more shortly.
Overall, we are very bullish on Ethereum and will update this chart periodically. DYOR and happy trading!!!
This is a longer form chart that were looking at for #Ethereum.
There is so much going on the backend of this chart with DeFi absolutely blowing up, the demand for ETH will skyrocket. It is the backbone for the entire decentralized finance movement right now. With ETH2.0 and EIP1159 coming out in the next 6-12 months (including rollups and other scaling solutions), there seems to be no question that this is a great entry on ETH. We are seeing bullish movement on low time frames right now, and finally the weekly chart is starting to break out of accumulation.
We are looking at a multi-year bear market come to an end right now. Needless to say, we have alot of time to wait, hence the 1W chart. We always preach zooming out and being patient rather than trying to overtrade.
Hint: Less trades, less work, less effort = more profits. Usually.
With a massive resistance cluster dating back to 2017, were expecting quite a period of consolidation at that level. This will be a great time for altcoins to thrive. We will cover that more shortly.
Overall, we are very bullish on Ethereum and will update this chart periodically. DYOR and happy trading!!!
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