💵$ETH — it’s that day, May 7th! So, what now? I’ve been telling you about this date for a whole month and the fundamental importance of the network’s new update. With the Pectra release, ETH has become deflationary, at least based on the current tokenization dynamics, which will lead to a supply crisis amid growing demand. And I think you already know what that always leads to! 🚀
Chart-wise, the situation is interesting. We need to see a weekly candle close above $2005 for ETH to form a zone of highest traded volume, which will drive the price to the next FTA zone at $2800–$3200. 💵
Would you like a chart analysis or summary of the Pectra update?
