- Ethereum breaks ascending triangle suggesting an upwards breakout. - Supply of Ethereum on exchanges continues to fall on exchanges. The current token supply on exchanges is around ~20% which is a 2 year low suggesting weakening bears. (See Source) - Buy zone $2,000 - $2,100.
A strong push above the ascending triangle. Positive news cycle with Mastercard, UBS, and JPMorgan investing into the Ethereum developer ConsenSys.
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Support at $2000 - $2050 being tested - hold the position.
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All-time high being tested, currently at ~25% ROI from entry, look to take some profits.
İşlem kapandı: hedefe ulaştı
Resistance at $2750 reached. Take a close position, as bitcoin is struggling currently at 55K and appears bearish take profits in USD. ROI on trade = $2750/2000 = 37.5%.
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