Hey Alkalites!
Ethereum has bounced nicely from the $1800 macro support. When looking at the daily chart, we can clearly state that Ethereum has turned bullish again, and we could have enough volume to reach at least $2400. Also, our strength indicators show that buyers had more power this time, and this bullish divergence could give us a clue about the next movement.
EIP1559 hype is allowing Ethereum to keep outperforming Bitcoin growth. The time is coming, and we may see more adoption after this update.
In addition, the Elon Musk speech and the incorporation of Ethereum assets in Centralised Finances and funds indicate that entities are looking to increase their crypto exposure asap.
Ethereum looks cheap. NFA.
Ethereum has bounced nicely from the $1800 macro support. When looking at the daily chart, we can clearly state that Ethereum has turned bullish again, and we could have enough volume to reach at least $2400. Also, our strength indicators show that buyers had more power this time, and this bullish divergence could give us a clue about the next movement.
EIP1559 hype is allowing Ethereum to keep outperforming Bitcoin growth. The time is coming, and we may see more adoption after this update.
In addition, the Elon Musk speech and the incorporation of Ethereum assets in Centralised Finances and funds indicate that entities are looking to increase their crypto exposure asap.
Ethereum looks cheap. NFA.
