Ethereum is continuing its upward trajectory
The Ether Token from the Blockchain Ethereum has finished its consolidation and is on its way to $110 to $120 US Dollars.
Around the $98 to $100 Dollar Level the accent will slow down somewhat and be a more gradual climb to the $120.00 Mile-Stone area.
Bitcoin is after its correction to $1600 and bouncing back still struggling to find its upward trend again.
This seems to be a great opportunity to take up the slack from Bitcoin and invest in Ether.
Fiat Money is still coming into the Cryptocurrency Space and has reached the Market Cap. Of more than $54.4 Billion Dollars at the Time of this Posting.
It will be interesting to watch if the inflows will accelerate to the May 8th levels again and Blow everything away once more or take a more relaxed approach of $300 to $400 Million per Day influx. We will continue to fallow the development.
Great stuff!
I think it is time for a breather short - to midterm for cryptos though (not what all of you want to hear but i trade what i see).
Check out my blog for the analysis of Price action.
Yah, nothing goes up in a straight line.