afbitcoins

Riding the etherium trend

Long
KRAKEN:ETHUSD   Ethereum
2
We are so used to seeing altcoins spike up and just as quick collapse down back to near nothing, that etherium seems to be defying crypto law of gravity. I've been waiting for bubble collapse since 5 dollars and here is etherium still going with its last peak at $15.

But there have been some very steep plunges recently. So is it the end of etherium rise? Very cautiously I'm saying no. OBV (blue line) looks like it is going to pull etherium up to new higher highs.

Imo, Etherium does look to be bubble. But maybe there is a way to go yet.

Trade with caution

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