The price of Ethereum has popped over the last day 600 points and is just one more pump away from the all time highs.
Many think the move has to do with anticipation that there will be a ETH ETF approval. I think that is a bit hasty, but hey, anything came happen.
Buy the rumor sell the news may be the safe play....
Looking at the chart, we got good price action as ethereum held the key support around 2900 before making this move higher.
Obviously the next upside target is the all time high as price dance with this 3600-3700 area that acted as a resistance on the way down.
We shall see if this move has any legs or gets knocked down by any ETF news.
Posted Using InLeo Alpha