EthereumLong
Cup and handle immanent on Eth
I have been watching Eth for a while and I believe it is finally time to cover it. This chart reminds me of when Link broke the weekly resistance on strong volume. Eth is at an inflection point of a previous double hop and swing high. The shorter term EMAs are kissing each other, and RSI is rising aggressively. Volatility and volume contraction is apparent. I think 2500 is in the cards, an important Fib level in the coming weeks. A more bullish target would be 3000$ if we can a catalyst like an ETF. With Coinbase, Riot and the overall risk on market pumping I think we see some sell off/tax harvesting this month then its off to the races for the crypto market next year.
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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.