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Ethfor5k

Ethereum AnalysisHi traders! Ethereum has made new all-time high. It’s good news, but we are sure it is able to cost much more. Some reasons make us understand that ETH is one of the most important coins of future. The algorithms of ETH are strong and safe. Moreover, they are being updated very often. The last update has changed the ETH in the root. The consensus PoW (Proof-Of-Work) was changed to PoS(Proof-of-Stake). Thus, ETH network doesn’t need miners with powerful GPUs anymore. Performance of ETH is provided by ETH holders. The next update “London” (approximately July 2021) will add the innovative feature - after the trade part of Gas will be “burnt”. It’ll make the price action more stable and predictable. So, we've found the most probable scenarios for you. Have a look at them. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
ETH/USDT Update: Reached our target perfectly. What now?We got a nice entry at the previous ATH and now reached our target. Ethereum is currently looking at its scaling issues and it will need some time to fix it. Additionally we can see a bearish divergence looking at the volume. Longterm we look at 5000$ but for the very short term we could go down first again. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55