If price can bounce off this trendline this is very bullish for ETHE. If Ethereum pumps this will too.. and hopefully ETHE makes up some ground on that negative premium.
With BTC & Ethereum due for a 30-40% correction in addition to the downward pressure lately on ETHE I am looking for the possibility of more downside with targets between 7.7 and 8.7.
It's hard to bet against in a bull market but some pull-backs along the way are inevitable.
I think a 250k BTC by the end of 2021 is possible.