Ethereum EIP-1559 “London Fork” Update

Ethreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working.

RSI is overpriced therefore a pullback is normal.

BTC has broken the 42,000 lvl and we saw a good run in the Alt space.

Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term.

Now that we are in the ascending channel you can use it as your support and resistance . Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space.

Smogster…