ETH log(1w) Bouncing off of trend lines/MA test
I have been following these trend lines on the ETH chart (LOG ONLY) and they seem to be following very well, similarly to how BTC is to the wyckoff accumulation. I drew two arrows, for two different scenarios I believe are equally as likely. I do not believe we are headed to break-down of the channel, let alone test the Moving Average (orange line) in the near future. Ether is used by enterprises and institutions are adopting it like no other. Smart contracts and Blockchain dApps are the future and will be ran on ETH2.0, FLR network, and maybe some others. NFA.
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