mdan

Hammered ETH heads toward another decision point

BITFINEX:ETHUSD   Ethereum
After a long down-trend, ETH starts another rise. The bears are formidable, and progress is slow. A pivotal decision point coming up at the intersection of the historical peaks and lows (red lines) at which point it will be setting new supports either way it goes. More recent influences could push the decision point out a bit (orange) but the winds of change won't wait forever! The bulls have been quite active recently, let's see if they can beat out the combined forces of the bears and sh*tcoin ICOs looking to cash out...

ETH has a lot of fundamental value, as a platform for useful tokens and cute creature sales (games). As far as fundamentals go, I think 400 is a discount! However, we'll have to wait and see whether the world will continue to recognize that value...
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