$ETH – October 8th


Held the top of the accumulation zone at $334 and 1st touched $353 level. I think ETH will continue rising through our 1st TP at $353 and touched $369, a monthly resistance level .

In recent news this week in DeFi nothing really happened. Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a crazy stunt. What really grabbed attention was the price tank of many DeFi tokens, such as the yield farming tokens YFI .

Although nothing notable happened, one fundamental that is still key is that the DeFi total value locked is still high at $10 billion.

Going long, here are my price targets

TP1 $353 (hit)
TP2 $369
TP3 $385