Ethereum Takes $150

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Summary

Ethereum is finally rising, up some 7% today to retake $150 once more for the first time since November. Finally, ethereum has been following bitcoin’s cycle of awareness fairly closely. If it can keep that, then maybe it is actually rising, maybe. That’s maybe next year or 2022 more likely, with it brought forward from the previous estimate of: in a very very long time. Ethereum rises, Jan 2020By some stretch you could maybe see a cup and handle between December 16th and the beginning of the new year.

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Ethereum is finally rising, up some 7% today to retake $150 once more for the first time since November.

That’s on considerable unfiltered volumes of circa $11 billion with the daily chart looking a bit interesting.

Ethereum rises, Jan 2020

By some stretch you could maybe see a cup and handle between December 16th and the beginning of the new year.

If that’s the case then $150 isn’t much of a resistance, but $200 might be depending of course on what bitcoin does which might hang out at $8,500 or might head for $10,000.

As a newly graduated safe haven asset, bitcoin has plenty of reasons to rise, including as a hedge from stocks which are getting maybe a bit bubbly, but why is eth rising?

The simple reason is because it fell, maybe a bit too much, with it becoming perhaps a bit too cheap considering the developments in eth.

Chiefly, decentralized...

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