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.
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!