Ethereum – Update
Ethereum (ETH) (OTC:ETHE)
Weekly Chart shows price breaking above an upsloping inverse H&S pattern, of 2 years duration.
Big base = big move
The measured move off this pattern is to $1450 longer term.
Buying here just above $500 is a low risk entry, as the stop can be placed below the neckline around $490.
The SpockG portfolio has a 5% position size in ETH purchased below the neckline, in anticipation of this move; and a 10% position in Bitcoin (BTC) via GBTC.
Spock 😉
