While ETHE follows Ethereum, it also has it's own unique patterns and looks like more downside from shares that have been issued. From the looks of this pattern a break of this $75 level would lead us down to a $30 buy. Those who follow me on twitter know i bought this at $100 and got out at $110 area. This chart is why. With Ethereum due for a pullback as we are seeing and this chart leading that charge on a potentially massive head and shoulders, we could see this go down to $30. Be wary.
-Sherem
-Sherem
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buying more.
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ETHE NAV is now at 20%, never been this low. stacking.
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We are at a MAJOR support area in $ETHE right now. RSI is very oversold. But check that volume out. Who is propping up #Ethereum ? Grayscale at the moment.
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Check it out, that bottom is rounding out.
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Great continuation so far. our buys were between $40-$50 and we are in great position. I expect it to continue much higher from here. Targeting $200 with these type's of moves if not a lot higher.
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update -
this would push ETHE to at least $80-100, maybe higher if we get some momentum behind it.