Huge Breakout for Ethereum #StayLong
Ethereum has confirmed an accumulation phase with strong follow-through volume. Within the trend we see higher lows with a consistent high. The ema indicates we should see a nice bull run most likely mirroring the ranging size we experienced during the accumulation phase. Personally, I am not concerned about timing the next high as I plan on sitting long for a long time frame, I have the ETH not even on the exchange but a physical device - I'm thinking out in terms of years here.
The weakening dollar, and the strengthening defi network indicate to me that Ethereum could be in a bull market for years. Think guys when this breakout occurred? FOMC day. I think if you think like an fx trader, when the underlying macro trends are backing your pair you can camp out in a product that will trend a direction for a good long while.
The weakening dollar, and the strengthening defi network indicate to me that Ethereum could be in a bull market for years. Think guys when this breakout occurred? FOMC day. I think if you think like an fx trader, when the underlying macro trends are backing your pair you can camp out in a product that will trend a direction for a good long while.
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