TheoshanMoodley

Ethereum Positioned for Reversal

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
MACD and Stoch on the one day chart are at the bottom. The 0.681 Fib is holding with the lower support intact.
Though Ethereum is still reacting to the bitcoin drop. If Ethereum holds these supports till the 24th of July, we could see the reversal as expected.

Important to note :
Metropolis is expected for the 3rd quarter of the year.
Recently British Airways released an article in their in flight magazine on Ethereum
Buy-in when Ethereum stops reacting to bitcoins fluctuations and maintains its dollar value.
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