ETH update
Lots of bullish momentum with Ethereum rn.
The fundamentals make it rightfully a top two coin imo. I'm sure there is content that details these far more expertly than I could do here.
Technically, price action suggests it is a little exuberant in the short term. But overall, I'm targeting $3000 by mid-May.
Futures are pricing in $3300 by June.
This is third bullish cycle for ETH since March 2020.
On the chart, you will see the second and current (third) cycle. We're about 60% of the way to target.
I have drawn the support line and imo price action around this line represents an opportunity to add to your position during any correction, should you be looking to.
It's my largest holding and I often have to remind myself not to marry this coin.
GLHF
The fundamentals make it rightfully a top two coin imo. I'm sure there is content that details these far more expertly than I could do here.
Technically, price action suggests it is a little exuberant in the short term. But overall, I'm targeting $3000 by mid-May.
Futures are pricing in $3300 by June.
This is third bullish cycle for ETH since March 2020.
On the chart, you will see the second and current (third) cycle. We're about 60% of the way to target.
I have drawn the support line and imo price action around this line represents an opportunity to add to your position during any correction, should you be looking to.
It's my largest holding and I often have to remind myself not to marry this coin.
GLHF
Finance_Goku
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