Ethereum is getting an upgrade known as EIP 1559, which goes into effect August 4.
reuters.com/technology/major-ethereum-upgrade-set-alter-supply-fix-transaction-fees-2021-07-30/
The upgrade does three things:
1) It increases block size
2) It stabilizes miner fees
3) It burns a portion of each miner fee to limit supply
The upgrade is widely expected to make Ethereum-based DeFi more attractive to investors. I'm thinking $2750 - 2850 is a likely target range on upgrade news.
reuters.com/technology/major-ethereum-upgrade-set-alter-supply-fix-transaction-fees-2021-07-30/
The upgrade does three things:
1) It increases block size
2) It stabilizes miner fees
3) It burns a portion of each miner fee to limit supply
The upgrade is widely expected to make Ethereum-based DeFi more attractive to investors. I'm thinking $2750 - 2850 is a likely target range on upgrade news.
Nota
In classic "buy the rumor, sell the news" fashion, ETH climbed through August 2 and is selling off today. I'm thinking maybe retrace to 2350, then bounce.Nota
Resistance in 2850-2950 area. Expect at least a short-term pullback from that area.Nota
This climb has truly been incredible to watch.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.