All the craze, and haze, is in bitcoin. It has already changed the world, starting a new era of world finance, and saving us from climate change ^^ As cool as Bitcoin is, Ethereum has a ton of potential of its own. Its backed by a functional system (computing platform), and offers a versatility to produce blockchain contracts, and even the basis for other crypto currencies. While it hasn't got the hype, its got the brains, and I like it long.
Technically Ethereum has gone into consolidation in the last days. However lately it's showing signs that we are ready to move higher - higher lows and support off a key level at 655. If we trade above 750 I'll be expecting a move higher to challenge 860 and ultimately to make new highs at 1000 and 1100.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
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Awesome to see Ethereum blasting off as mentioned! Riding this trade? We're at the first FIB extension, so get some profits in the bank!
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Nice move higher from ETH through 1100! Based on how we've traded at 1100 I'm going to wait before anymore upside. Expecting a retracement.