L420199611

ETH TO THE MOON?

Long
FTX:ETHUSD   Ethereum
Hey everyone!

EIP-1559 will go live this July. Some think it will increase the price of ETH, but many miners are not happy about it. What do you guys think about that update?

The upgrade, EIP-1559 ( The EIP stands for Ethereum Improvement Proposal) reduces the volatility of transaction fees by burning the fees, paid in ETH, instead of paying miners.

Today I wanna focus on one of the majors on the daily bar chart. ETH did nearly everything to chop off your confidence. After the completely retracement from the rally in February we are now back trending upwards again, making higher highs and higher lows. Also the MACD gives a huge bullish crossover signal on the daily.

Do we get the retest of 1552 before continuing upwards on today's self-fulfilling prophecy?

This is me for today. Play safe and do not chase pumps.

Cheers!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.