As you can see in the chart, We are in a parabolic uptrend heading towards the first resistance market by the FIRST RED LINE = Seller WILL SELL and take profits at that level
Expect a pullback to test the support market up by the BLUE LINE = Buyers will buy in hopes or selling at the previous resistance,
If ETHEREUM BLASTS OUT thru the first resistance the second applies and so on.
Sellers is take profits and buyers will try to buy low.
ALSO Never forget that in the Bull run of 2017 1 ETH was 10% of BTC = 0.1BTC
So the sky is the limit especially with DeFi.
Expect a pullback to test the support market up by the BLUE LINE = Buyers will buy in hopes or selling at the previous resistance,
If ETHEREUM BLASTS OUT thru the first resistance the second applies and so on.
Sellers is take profits and buyers will try to buy low.
ALSO Never forget that in the Bull run of 2017 1 ETH was 10% of BTC = 0.1BTC
So the sky is the limit especially with DeFi.
