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ETH Primed for Takeoff If Breakout Holds

Aug 31, 2021 · 6 min read

By Ashwath Balakrishnan, and Kevin Kelly, CFA

Market Update

ETH’s place in the crypto ecosystem is pretty much set in stone as the top smart contract platform; the coin’s share of the total crypto market capitalization has been on the rise since 2019 with few signs of stopping.

ETH/USD has run into some resistance at the golden fibonacci level (61.8%) but is still well above the 50 and 200 EMA on the daily time frame. So, as lo

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