Ethereum Could Be Setting Up For New All Time High Be Cautious!
Ethereum is going bananas. There's not much resistance at these levels but the strength indicators are getting very very heated. A retest of roughly $4,400 is likely underway and there maybe some resistance we'll see. We still need to break past $4,000 first. If we break past $4,000 and run past $4,400 we will enter a new price discovery phase for Ethereum. Still strong momentum in the MACD after the bullish crossover 2 days ago. A pullback always looms around the corner when we start to get overbought on the strength indicators so keep that in mind. Getting in at these levels can be riskier. Profit taking at new all time highs will happen. I'm looking at Ethereum charts every hour right now.
Since EIP-1559 Ethereum has burned over $315 million dollars worth of ETH. Ethereum will continue to burn forever building in a scarcity factor that wasn't previously there. Also NFT mania continues to boom.
Exciting times to be in cryptocurrency. If you're new to crypto always make it a goal to own at least 1 Ethereum in your portfolio!
Cheers! Much peace, love, health, and wealth.
Since EIP-1559 Ethereum has burned over $315 million dollars worth of ETH. Ethereum will continue to burn forever building in a scarcity factor that wasn't previously there. Also NFT mania continues to boom.
Exciting times to be in cryptocurrency. If you're new to crypto always make it a goal to own at least 1 Ethereum in your portfolio!
Cheers! Much peace, love, health, and wealth.
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Ethereum Burns Over $315,000,000: finance.yahoo.com/ne...0-eth-164002089.html
Resistance Currently: $4,000