ETH is currently @ Longterm trendline Resistance + Under ATH Supply.
Here is my opinion/outlook on what could happen next for Ethereum. I would like to see a shift in trend towards our Macro structure towards Support @ $15-$20 USD for Ethereum. S/R lines up with Trendline confluence around SEP-OCTOBER.
Upon so, a full blown BULL MARKET towards $10K per ETH.
Although, upon breaking upwards in a parabola could we possibly see a target in the 5-6 digit range for ETH? Seems like trouble for the U.S Dollar if it does.
Here is my opinion/outlook on what could happen next for Ethereum. I would like to see a shift in trend towards our Macro structure towards Support @ $15-$20 USD for Ethereum. S/R lines up with Trendline confluence around SEP-OCTOBER.
Upon so, a full blown BULL MARKET towards $10K per ETH.
Although, upon breaking upwards in a parabola could we possibly see a target in the 5-6 digit range for ETH? Seems like trouble for the U.S Dollar if it does.
Note
Note
Invalidation @ break and hold of $750 USD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.