Short term forecast for Ethereum
TA: Ethereum has recently broken through local highs around the $175 zone. expecting a short term push towards the $191 area but wouldn't be surprised to see a wick up closer to $200.
FA: the outlook for the De-Fi space in ethereum remains bullish - stable coin demand remains positive. On the flip side regulators are eyeing up stable coins and central bank may impose
policies against stablecoins. So far, this negative news from the dinosaur sector has mostly been dismissed by the market.
Conclusion: Short term bullish on ETH
TA: Ethereum has recently broken through local highs around the $175 zone. expecting a short term push towards the $191 area but wouldn't be surprised to see a wick up closer to $200.
FA: the outlook for the De-Fi space in ethereum remains bullish - stable coin demand remains positive. On the flip side regulators are eyeing up stable coins and central bank may impose
policies against stablecoins. So far, this negative news from the dinosaur sector has mostly been dismissed by the market.
Conclusion: Short term bullish on ETH