Ethereum broke $900 for the first time in history today. The psychological barrier was broken and momentum carried us into the ~$920 range. One reason for this breakout stems from a declaration from the EU, MiFid 2, which is said to have a great impact on ETH (read here: https://www.ethnews.com/barclays-ubs-credit-suisse-seek-ethereum-blockchain-solution-for-mifid-ii-regulations). Looking ahead, I wouldn't be surprised to see Ethereum flirt with the ~$970 range this week even with the soft resistance line glooming above. That is if BTC continues to move sideways.
Technicals:
MACD bullish cross on 1D
3.618 fib level for target
OBV nearing all-time high
Green boxes signify accumulation periods
This is not investment advice, rather I am sharing my thoughts on the new all-time high which occurred today.
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
Technicals:
MACD bullish cross on 1D
3.618 fib level for target
OBV nearing all-time high
Green boxes signify accumulation periods
This is not investment advice, rather I am sharing my thoughts on the new all-time high which occurred today.
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
MichaelShutterbug
Thank you for the chart. Have a look more on the log chart longterm 2015-2018. This way you see a bigger picture and trend channels with the log scale pattern indicate over 5000k USD for one Ether until early summer 2018 in minimum. Good luck and cheers.
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jamiecohen24
MichaelShutterbug
@MichaelShutterbug, Thanks for the feedback. At this point, that chart looks like a joke with $1100 Ethereum! Cheers.
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