ETHEREUM Still On Up Trend For Second Day -- Heading To $710 Trend High

in #ethereum7 years ago

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We're seeing signs of a second day in a row of price increases from the dump that drove us down from $710 to $578. Signs are great so far for price action to keep increasing. We're seeing a nice steady higher high and higher low pattern. Volume could be a better, but there's nothing majorly concerning yet.

Technical analysis isn't giving any clear indication of trend pressure, so now decisions are based on price level action. Because of the uncertainty, there's a high chance of consolidation the rest of the day before making another run to the high from the trend of $710.

All other cryptos across the board seem to be flat as well, so should be some basic sideways trading.

I hope everyone has a great weekend!!

Happy trading!

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@exxodus, what do you think about the controversial EIP999 and its impact on the price of ETH?

Typically none of the EIP's have made that much of a difference long term.

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