ETHUSD Daily cautiously bullish. Recommended ratio: 70% ETH, 30% Cash.
* CPI WATCH . The Merge is currently scheduled to launch on Ethereum's Mainnet on 09/14/22 at ~9:40pm . Cryptos, Equities, Futures, VIX, Commodities, US Treasuries and the Euro are all slightly up while DXY is down today. All eyes are on the BLS August CPI report due tomorrow at 830am;...
Usually, I don't watch ETH, but this seems to be a no brainer:
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.
My price target is around 4125 USD. Then we need to re-evaluate the market.
