ProjectSyndicate

ETHUSD: >100% YTD gains, UPSIDE still 100%+

Long
COINBASE:ETHUSD   Ethereum
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ETHUSD: >100% YTD gains, UPSIDE still 100%+ (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


I want to keep this update short/simple for everyone.

🔸 Summary and potential trade setup
::: ETHUSD weekly chart review and outlook
::: ETH is leading the market this year (with XTZ)
::: YTD gains so far >100% already, another 100% possible
::: heavy accumulation in progress on weekly chart
::: 870 days long, so upside can be MASSIVE from here
::: recommended strategy: BUY/HOLD and accumulate
::: TP1 is 425 USD TP2 is 485 USD max TP is 525 USD
::: likely getting hit next few months
::: 100% gains possible/likely from here
::: BUY/HOLD and you will get rewarded
::: dips/pullback possible? YES, but ONLY BUY INTO DIPS!
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLISH
Comment:
ETH one of the few coins that actually got a strong catalyst behind it.

Ethereum 2.0 developers released the specifications for the “official” testnet on Wednesday, ahead of a presumed end-of-year launch. The testnet will begin August 4 and has been named “Medalla” after the Buenos Aires metro stop.

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