After strong April run and following great nuking, ETHUSD has shown that demand is there. Defi seemed to survive really nicely and handled trades in situations where exchanges froze (I was using Balancer for some token swaps on ETH --> nice DEX, great team).
On a Daily chart we see a strong support around 2k levels (+/- 250$).
Looking from a "bigger picture and tart of an uptrend in early December 2020, ETHUSD is still in an uptrending situation and with progress being made on Defi sphere and oracle solutions is fascinating.
Also lets not forget Goldman Sachs review and the fact ECB was studying ETH for potential uses in their operations.
Coming PoS and burning of the tokens with (probably mid 2022) scaling solutions, ETH will be open for the flippening.
I believe price will be moving in Fibonacci level accompanied with other technical elements.
On a Daily chart we see a strong support around 2k levels (+/- 250$).
Looking from a "bigger picture and tart of an uptrend in early December 2020, ETHUSD is still in an uptrending situation and with progress being made on Defi sphere and oracle solutions is fascinating.
Also lets not forget Goldman Sachs review and the fact ECB was studying ETH for potential uses in their operations.
Coming PoS and burning of the tokens with (probably mid 2022) scaling solutions, ETH will be open for the flippening.
I believe price will be moving in Fibonacci level accompanied with other technical elements.
