This chart art is pure speculation, but I'm curious if anybody has any input on what they are expecting to happen to Ethereum in the days leading up to the CME Futures Launch? It's a very interesting time for Ether it breaking its 2017 all time high twice now. We saw similar movements with Bitcoin breaking its 2017 ATH where it barely broke it a couple of times before going on a solid bull run.
So my thought process is were seeing a lot of accumulation happening with ETH right now. By the end of this month we will see ETH switch the 2017 ATH from resistance to support. From their it will begin a validation phase leading up to the CME Ethereum Futures launch. Once ETH breaks through the validation phase channel were going to be looking at the next bull run.
How do you think the CME Ethereum futures launch will effect the trend/price of Ethereum? Will it have an effect at all? What are you expecting Ethereum to do in the coming weeks? All thoughts appreciated!
So my thought process is were seeing a lot of accumulation happening with ETH right now. By the end of this month we will see ETH switch the 2017 ATH from resistance to support. From their it will begin a validation phase leading up to the CME Ethereum Futures launch. Once ETH breaks through the validation phase channel were going to be looking at the next bull run.
How do you think the CME Ethereum futures launch will effect the trend/price of Ethereum? Will it have an effect at all? What are you expecting Ethereum to do in the coming weeks? All thoughts appreciated!