StonyCrypto

📈 ETH Update

ETH is now moving inside the channel and bounced beautifully from the lower border of the channel. Ethereum is currently trading near the $1200 level. ETH has very strong resistance at $1270. As soon as we break through and consolidate above the $1270 level, we will have a high probability of testing the upper border of the channel around the $1500-$1600 level.

If we bounce down from this level, we will have to test the lower border of the channel at $1080 again.

More updates - in the next reviews 🙌🏻
Do not miss.

BTC/USDT

Bitcoin broke the slope on the LTF chart and bounced off it.
We are currently holding $16.4k.
And the longer we hold this level, the higher the chance to see the price of $18400.

South Korea issues arrest warrant for Terra founder Do Kwon Do Kwon, the Terraform Labs executive, is facing allegations of violating South Korea's capital markets law.

Ethereum is eating the world — ‘You only need one internet’ – Cointelegraph Magazine ZK rollups and recursive proofs have made infinite scaling possible and could enable the entire world’s financial system to run on Ethereum. But if you can do everything on Ethereum, is there a need for any other blockchain?

Another indicator indicates that the bottom is already somewhere very close. Mayer Multiple fell to the levels of 2011 and 2015 goals, which indicates a significant gap between the current price and the 200 moving average. Historically, buying at current values has brought X's.