Ethgold
Attention: flippening in progressFor the second time ETH reached parity with gold.
The price hesitated a bit, but now we might have broke, might go higher form here.
We might not be out of the woods yet but Bitcoin has already done it before so...
What happened last time
And what happened the time before that
Once ETH clears this, there is no resistance, nothing stopping it.
Just have to make sure you exit before every one else. Easy right?
ETH may be starting its catch up runEthereum usually follows the movements of Bitcoin. However, in the last 18 days, Bitcoin has had a massive run while Ethereum has stayed proportionally behind. BTC has gone 75% over is previous ATH while ETH remains 45% under its ATH. Suppose we are about to see a catch up run like in 2017. The gold denominated resistances are 20grs and 33grs. At current prices that is $1,220 and $2,013 respectively.
A run for the 2,000 dollars area could take the ETHBTC pair above the channel it's been for two years.
The idea of using resistances denominated in dollars-per-grams-of-gold is to account for the depreciation of the dollar.
