ETHUSD: Ethereum is being accumulated...

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
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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hi Ivan, isn't $110k a typo? perhaps you've meant $10k for an ETH?
great analysis as always,
best regards
+1 Reply
IvanLabrie Sigmaniac77
@Sigmaniac77, It's not, that would be monthly target #2.
Keep in mind, in the past 'bubbles' BTC never reached long term target #2, which was something like 25k, but it fell short from that, although it did exceed target #1 at 3k something.
#ETH might behave in a similar way, now that we have more chart data for this upcoming bull trend.
+1 Reply
kudos to you Ivan
+1 Reply
IvanLabrie talinito
@talinito, thanks, good luck!
Great work Ivan as always
Discord this analysis (I'm not god)

My prediction is +500% at 2020 July

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