This one is simple speculation:
1/ Bottom pattern forming following massive capitulation - those who wanted to sell probably did
2/ Higher dipping pattern
3/ Building momentum
4/ Scarce asset, full float in circulation (11 MM)
5/ Remaining hype for functional product launch
6/ Trading above Ichimoku cloud on ...
We can all admit at this point that ETH (a.k.a mETH or dETH depending on which side of the aisle you stand) has just went through a price bubble. Price is currently trading ~ 55% below the bubble high. In my view, the market has failed to capitulate to the selling pressure. I think the chart shows a nice set up for ...