Ethereum breaking out to the upside ready to break a new high?
With metropolis updates just a few weeks away potentially we are expecting some big news and price movements in Ether. Metropolis is going to be the last big update for Ethereum before the migration to Proof of Stake (POS) in the Casper release! Metropolis is expected to increase transaction capabilities to levels that surpass any other coin, provide a means for off chain and anonymous transactions as well as pave the way for the ultimate dream of POS with casper!
Ether is relatively cheap now after finally breaking out to the upside of $225-250 it has been range locked in for almost a month now. My easy to see charting shows that there is a high probability that we are about to test $300 and quickly begin a rally upward trend we have seen just a few months ago.
As we see the candlesticks are beginning to bounce and retrace upward off all the major moving averages (10,20,100 days). We are seeing now the most bullish signals in ETH since the last 1300% rally we saw from March through June!
Let me know what you all think and thanks for reading!
I think it's not for long
What makes you think it is not for long?
I totally agree @bigdeej! After what we saw a few week earlier, it should be easy for ETH to get back to 400$, specially after so many interesting ETH ICOs appearing in the market. What I'm not so sure is if it's continue growing up after that.
I see year end $1,000+ ETH and $10,000+ BTC! To the moon!!!
That'd be nice!
worth an investment right now?
I think crypto is always a good buy. Steem Power (STEEM) is cheap right now might be more worth powering up if you can!