Hi Everyone! As you can see, we still have plenty of room for the White Energy to fall down to or near level 50 in this Weekly Time Frame. Will we manage to push up to lower $600's during this period of upward pressure? Hard to say... I would think so but I'm not going to guarantee it. I simply feel more comfortable saying, "Sideways at worst within a relatively tight trading range -OR- Lower $600's minimum if the price manages to go on a run. It's possible the price action could continue sideways to allow time for Bitcoin Maximalist to accumulate more Bitcoin via ETHBTC pair and other Alt-Coin/BTC pairs. EXAMPLE: If BTCUSD goes up 30 percent and ETHUSD goes up 10 percent, ETHBTC should go "down" 20 percent. Which means the Bitcoin Maximalist Whales would have unloaded ETH for BTC on the ETHBTC pair. Am I saying this is going to occur? No... I'm simply pointing out a "reason" we could "possibly" go sideways during this period of upward pressure.
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UPDATE:
Here's the chart again to make it easier to read without having to zoom (+) symbol on the cover chart. Unfortunately, TV's platform scrunches up cover charts for publicaitons.
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UPDATE:
I would think $656 to $785 price range is more in play by year end but I'm careful not to make out as if it is "guaranteed." I simply remember how Bitcoin Maximalist Whales made a slow bleed of ETHBTC the end of 2016 before going up exponentially in 2017. It's possible ETHUSD can go sideways the remainder of 2020 before potentially going up exponentially in 2021.
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UPDATE:
Make note of the Aqua Blue text bubbles. They are NEW... All the other text bubbles are old. As you can see, there has been a dramatic change recently in the indicators:
It can sometimes be difficult to provide TA on Hump-Day (Wednesday). The NEAR Future can often be unclear within the indicators in the middle of the week.