Big buy signal for Ethereum - Technicals and Fundamentals

2022年8月3日

Ethereum is looking great technically and fundamentally.

Technicals:
It broke up and out of a Cup and Handle formation and seems to be heading to the resistance of the downtrend at around $2,400...

Fundamentals:
1. Investors are getting back in since the Crypto crash with BTC, ETH, Luna etc...
2. Ethereum is merging with a new upgrade and update to improve the blockchain software
3. New influx of buying and selling as a safe haven due to Inflation and interest rates going up around the world.

I'm a buyer of Ethereum here and if it breaks above $2,400, we can see possibly another major leg up...

Trade well, live free....
Timon
Founder, MATI Trader