ETH trade ideas
ETH move up, againETH market cap reported record volume and price excelled past 200 D MA , breakout above $300 imminent. Etherscan is also showing a huge increase in onchain transactions: etherscan.io/chart/tx
onchain transactions are critical to the determination in value for the network.
ETH buy zone anywhere below 36 W MA
TOP5 Alts Trends and PatternsFollowing the same idea previously shared (using the Total Market Cap) I'm also keeping a closer eye on this TOP5 (excluding BTC). The broadening wedge isn’t perfect nevertheless the resistance is now being tested and it may be a good idea to see how this will play out.
The Total Market Cap already broke some of the identified resistances but nothing is a straight line. Considering this, we should expect more volatility in the next days/weeks but as far as each resistance turns into a support we will keep pushing higher.
As we can see on this chart we may also break this downtrend soon and if we do, everything can start to be a bit crazier… in that case stay cautious and don’t FOMO in. More opportunities will come to buy cheaper (but maybe not below the lower low, we will see).
Ethereum Market CapThe overall Market Cap for Ethereum rose by 8% recently.
Large Eth Positions must be averaging their remaining stockpiles. Current Circulating Supply: 104,157,342
This time last year, Eth was worth 10x the value.
What a phenomenon
