After the release of the much anticipated Metropolis news, Ethereum’s upward movement has strengthened. Judging by the volumes, we will see an all time high test.
The situation is as follows:
We observe the ETH super uptrend, backed by the news. Positive news creates a good base for buys.
Fundamentally, the Metropolis structure leads to price increases. The difficulty bomb will affect prices significantly, in a positive way.
There are no obvious triggers for correction.
Growth is so powerful at the moment that it’s very hard to outline support and resistance zones on the global scale; whereas the buyer domination is vivid.
What to expect:
The all-time high test is the most likely turn of events. All factors point towards it. A lot of people want to make a profit on Metropolis, that’s why there is ETH shortage on the market.
No apparent reasons for correction, any downfall is being bought out. It’s unlikely that there’ll be any strong downward movement before the Metropolis release.
A flat in ETH is almost impossible, as there’s very strong domination among buyers.