ETH/USD My thoughts on Ethereum price action...

in cryptocurrency •  8 years ago 

Just my gut. ..

eth8.jpg

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I disagree, I think it will go down a little, but it's going to go back up steadily over time.

I also disagree. it will go down a little and will bounce up gradually in the next few weeks/months

If it is rejected again at the upper $250 resistance level, then a quadruple top will be formed. In technical analysis a quadruple top formation is almost non existent. Your graph above guarantees a long breakout.

Entirely Possible... However, today in AltcoinToday I see that Vladimir Putin and Vitalik Buterin have been discussing Ethereum "Opportunities." Whether Russia develops a standalone blockchain based upon principles of Ethereum or builds upon Ethereum's platform - just the hint of cooperation with Russia would seem a positive sign for ETH buyers - IMHO.

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