Hi Traders,
We are looking at the 1 day chart of ETH/USDT:
Furthermore,
We can see a cup and handle being formed and also a possible breakout at the moment (21:00 u)
Info:
EIP 1559 (burning fee's) could be seen as a "share buy back" making a ETH rarer.
Ethereum is the blockchain platform (for now)
Possibilities:
-When ETH start rallying, "every body" will start staking (why not)
- If not staking, then holding in cold storage
- ETH is still being burned
The above means decreasing supply.
This is not financial advice
Leave a comment
Have a good one
We are looking at the 1 day chart of ETH/USDT:
Furthermore,
We can see a cup and handle being formed and also a possible breakout at the moment (21:00 u)
Info:
EIP 1559 (burning fee's) could be seen as a "share buy back" making a ETH rarer.
Ethereum is the blockchain platform (for now)
Possibilities:
-When ETH start rallying, "every body" will start staking (why not)
- If not staking, then holding in cold storage
- ETH is still being burned
The above means decreasing supply.
This is not financial advice
Leave a comment
Have a good one
