ETH solidifies $700 Handle

Ethereum has blasted through various psychological and technical levels to solidify its grasp on the $700 handle. It seems to be gaining steam at this point, which clearly constitutes wave 3, the longest and strongest of a 5-3 Elliott Impulse Wave. It is difficult to determine when ETH will find resistance, as it has smashed all profit targets besides Fibonacci and nested Fibonacci Extension levels in the $900 handle and the grand psychological level $1000. It has numerous support levels from below, but unfortunately these are in the $400 and $500 handles, constituting a big vacuum area.

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