I would argue that it's pretty bullish to have $ETH pushing right up against the 200 moving average heading into the weekly close.
This doesn't mean we have to go up, but I definitely like the signal.
Let's see where we end up today.
$BMNR should hit $40 by the end of next month, based off what we're seeing right now in $ETH. <-- See previous post.
If I'm right about ETH, that's a 45% increase in a month. Worst case scenario, we still hit $30, roughly 20% higher than here. <-- I doubt that's all because of the following. You have to remember that ETH is ($296 Billion) market cap vs. Bitcoin ($1.57 Trillion). So, its' roughly 18% the size of BTC (Law of small numbers) + Staking rewards paying around 2.6% + Perpetual offering that's close to triggering + other investments that could act as a multiplier to gains. <-- This math is a wicked multiplier for upside price action. Also, look at the fact that the #1 fastest growing Bitcoin Treasury $ASST has already run 205% off the lows, where as BMNR has only run 100% over that same time.
Get ready for the 🚀. Because it won't wait for you.
GM!
$BTC
This does NOT look like a bearish chart.
Lots of support this weekend even when it tried to dip, good consolidation with very little give back, same with $ETH...big resistance here and 82k but I feel like we could hit that 93k line with a little momentum
I know there is a lot of lines on this chart because it is my low time frame scalp chart but red line first, then 93k if we can get it
Strongest institutional inflow week since October: $2.6 billion into $BTC and $ETH.
Retail already sold the bottom.. now institutions with diamond hands are loading up while Ethereum reserves on exchanges evaporate.
Can’t wait for $ETH to break $10,000 so CNBC can bring Tom Lee on to explain why it’s still early.