@steemychicken1's thread

ETHEREUM is “stuck” at its All Time High, essentially at the $5,000 resistance level, which is valid and a true resistance point, serving both as a psychological barrier and a spot profit-taking zone. Give it time to consolidate and mature around these levels.

The breakout from $5k to $6k, when it comes, will give the boost to high- and mid-cap altcoins. A sharp correction down to $3,900 would absorb around $26 billion of interest — it’s part of the plan and doesn’t change its bullish outlook, though it’s not the most likely scenario.
#eth #crypto #inleo