Hello, and welcome to another article.
In this article, I'd be trying to explain why I feel ETH would be going to $700 by the end of the year.
This is also a great time to look at this article since PUBLISH0X just launched ETH tipping.
Let's get started!
(Not sure what's going on with Publish0x nowadays. Can't post my charts again, mobile or desktop. Please note down the levels on your own charts for personal use)
So ETH broke a 2 year downtrend line formed in 2017. It broke it with volume and open interest rising simultaneously, which is extremely bullish.
Added to that is the fact that ETH 2.0 is launching soon. The testnet launch about 3 days ago was successful, and we should see the mainnet in November all things considered.
This, along with the breaking of the trendline is extremely bullish for Ethereum.
The important levels on the chart are:
- $360. Retracement support
- $280. Breakdown support
- $400. Breakout resistance
- $420. Breakout resistance
-$450. Prevents us from touching the moon.
- $700. Nothing between $450 and here. Should reach here in one candle.
- $710. Resistance between $700 and $800. Should take a few weeks to crack.
Once all the breakout levels are cleared, we should see a very decent rally to the upside.
My advice: Start accumulating this bullish asset! How? Publish0x is a start! They have begun the tipping of ETH now.
So use your tippers and accumulate some ETH!
