Ethereum Time Is Running Out! Prices Will Go Up.
If you don't own at least 1 Ethereum you still have time. Owning 2 or more is even better. I know I've been sounding like a broken record but I seriously believe Ethereum will have a tremendous price value in the not so distant future. Owning at least 1 Ethereum will guarantee that you have some wealth and longevity in this space. The future of Decentralized Finance and economics is within Ethereum which is easily a multi-trillion dollar market in the coming years. Ethereum under $2500 is a bargain considering the events and changes in the months to come that I believe will have a positive impact on price.
On the weekly MACD we're starting to loose negative momentum and heavy sell pressure since mid May of this year. We're not overbought on the RSI which indicates there's some still some more run-up. But also keep in mind that on the monthly time frames we're still a little heated.
Consider this:
* EIP-1559 will make Ethereum deflationary and limited. It will also reduce gas fee's and forever burn Ethereum which will create a limited supply.
* EIP-1559 commences in roughly 2 days so far the biggest upgrade in Ethereum's history.
* We have strong support at $1690 and strong Resistance at $2900.
* This has been a heavy accumulation period in the entire cryptocurrency space.
* Bitcoin has defended the critical $30,000 support level.
* We're approaching the Golden Zone on the Fibonacci Levels (Golden Zone = 0.382 between 0.618)
My approach to the crypto-currency market and trading is always long term. I encourage you to have a long term mindset in these markets. Ethereum will be primed for serious gains considering we hit new all time highs on the Bitcoin pairing and re-test all time highs on the USD pairings. Believe in you're investments and be patient! Ethereum is key to the growth and future of this entire market.
Cheers! Much peace, love, health, and wealth as always!
On the weekly MACD we're starting to loose negative momentum and heavy sell pressure since mid May of this year. We're not overbought on the RSI which indicates there's some still some more run-up. But also keep in mind that on the monthly time frames we're still a little heated.
Consider this:
* EIP-1559 will make Ethereum deflationary and limited. It will also reduce gas fee's and forever burn Ethereum which will create a limited supply.
* EIP-1559 commences in roughly 2 days so far the biggest upgrade in Ethereum's history.
* We have strong support at $1690 and strong Resistance at $2900.
* This has been a heavy accumulation period in the entire cryptocurrency space.
* Bitcoin has defended the critical $30,000 support level.
* We're approaching the Golden Zone on the Fibonacci Levels (Golden Zone = 0.382 between 0.618)
My approach to the crypto-currency market and trading is always long term. I encourage you to have a long term mindset in these markets. Ethereum will be primed for serious gains considering we hit new all time highs on the Bitcoin pairing and re-test all time highs on the USD pairings. Believe in you're investments and be patient! Ethereum is key to the growth and future of this entire market.
Cheers! Much peace, love, health, and wealth as always!
Comment:
EIP-1559 Countdown: www.nicehash.com/cou...ing-2021-08-04-15-00