View full page at cryptocraft.com

 

ETHUSD: Next Stop for Ethereum Is $800

From dailypriceaction.com

On June 4th, I wrote about the massive upside potential that Ethereum (ETH) possesses. At the time, the cryptocurrency was trading at $240. Given today’s price of $462, those who invested then are enjoying a 92% gain. I should note that I was buying ETHUSD between May and July when it was just over $200, as I announced in the DPA member’s area. I haven’t liquidated any of my position and won’t for some time. As for the price action, ETHUSD recently broke out from a symmetrical triangle on the intraday charts. I mentioned this structure yesterday on Twitter. However, the significance of a break above the $450 area ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis