Ethereum EIP-1559 "London Fork"
Updated
Ethereum is attempting to enter back into the acceding channel. Update made a positive move.
Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line.
Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000.
We really want BTC to break 42,000 and hold to see good gains in ETH and Alts.
This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd.
Smogster...
Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line.
Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000.
We really want BTC to break 42,000 and hold to see good gains in ETH and Alts.
This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd.
Smogster...
Note
Follow up: Ethreum is now entering the Acceding Channel Trend. We need it to hold and have a bounce, In order to be fully in it. ETH is still overpriced on the RSI and keeps climbing.BTC is now breaking 42,000 and seems like It has a good chance to hold it. As you can see Alts are already starting to rise.
Smogster...
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