kyer

ETHUSD Accumulating Around $2500

Long
KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Looking at the 12-hour time frame of Ethereum we see that it bottomed out along the 1.0 Fib level, similar to Bitcoin along what would be the 33k level, respectively.

Moving forward, we're going to continue slowly accumulating and rising back upwards through the summer until we reach new highs later in the summer.

At the moment, ETH is holding this ascending triangle as it looks like its trying to regain the $2709 (1.618 Fib) level.

After ETH regains the $2700 (1.618 Fib) level, my next targets moving forward are:

TP1 🎯 $2709.76
TP2 🎯 $2910.31
TP3 🎯 $3431.59

As always please do your own research, I am not a financial advisor.

Comments

There's not going to be anything slow about it. if you don't think that ether is going to blow up when the next upgrade goes through, you are insane.....just a matter of the route it takes back to ATH between now and the next 45 days.
+1 Reply
kyer piratesfan78
@piratesfan78 I’m totally on board, its already been slow for a month with little to no price action. The second wave w/ EIP London hard fork is coming and its going to be explosive. Just gotta sit back and be patient to watch this play out
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