IvanLabrie

ETHUSD: Ethereum is being accumulated...

Long
IvanLabrie Updated   
KRAKEN:ETHUSD   Ethereum
The weekly trend in #ETH has been very strong so far, and as bullish fundamentals develop, big players are accumulating coins even at these price levels. Monthly charts are already ready to trigger a long term uptrend that can propel #ETHUSD towards $5523, or even $110k-ish over time. Weekly charts have been in a stable Time@Mode trend, which both hit the target, and did so right on time, which shows strength is with the buyers.
Lately, dips have been bought, despite people's fear of a larger fall, and despite dip buyers who missed out on the previous run wanting to buy even lower than what price ever gets to (most I heard want $200 or $220, so these price levels are NOT likely to be hit again -at least until these buyers change their mind-).

Best of luck,

Ivan Labrie.
Comment:
#ETHUSD might hit 293.76 by June 17th or sooner: Might go back down from there until there's enough consolidation for a new weekly trend.
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