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Wednesday Update - Ethereum

Dear investors

I am thrilled to finally present you some good news on Ethereum after we experienced a boring consolidation in the last weeks.

12H Chart - Ethereum (Bitfinex)

Yesterday we experienced a significant inflow of capital into Ethereum and managed to break above the 1.386 extension at 1884$. As of now we are still trading above this extension and let me say it clear, it’s crucial that Ethereum now pushes further towards 2000$. We shouldn’t enter the red Fibonacci extension zone again in order to prevent the possible alt.(c) scenario.

Remember how bitcoin surpassed every other coin in the last months?

Yes, I think everyone does, the interesting thing is that bitcoin now consolidates, and the money now flows into Ethereum. This is a stunning law in crypto which I have observed many times before.

After every cycle bottom, the money flows into the market like this. Bitcoin -> Ethereum -> Altcoins

We should reach our projected wave (iii) target at 2445$ in the next weeks. From there on we will enter a wave (iv) and most likely the market will remain flat for a few weeks. Just like in bitcoin we will publish the long-term chart in Ethereum more often from now on, I hope that most of you understand the big picture better with it.

2D Macro Chart - Ethereum (INDEX!)

Please note that we are already invested in Ethereum since the 15th of June 2022, back then we announced our first positions here on tradingview.

Long Ethereum (ETHUSD)



LONGTERM Target: +8’000$

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