Today in crypto so many big things happening in Ethereum and the price is playing with breaking out of an ascending triangle which could lead to a very bullish price movement.

Now overall the daily Ethereum has formed an ascending triangle that we can see it has tested the resistance zone 4 times now and it stayed very nicely inside of the triangle. Now asending triangles generally are bullish chart patterns in usually break to the upside when they break out of the triangle.

Take a loot at the charts:

Now if we can cross over that 290 ZONE that is the TOP of the triangle that keeps getting rejected that then I think we might blow right past 300 and all the way up to 322 to test the resistance zone that you find there.

If however this trying to go against the odds in breaks down and watch for support around the 200 $25 level and look I know that today there is definitely a bit of pessimism in the markets with the general market did see a big in Bitcoin today big move to the Ethereum as well. But just remember the BIG PICTURE here. We are just starting to get warmed up for this cycle sure there's gonna be bumps in the road. But just as a reminder, Ethereum is now under a golden cross which as a long term a bullish macro trend is very big.

I think it's also super significant because both Bitcoin and Ethereum are under a golden cross meaning that the entire crypto market is heating up big time the 2 big boys in crypto are both currently set up for a very big macro bull trend among the rest to 2020 it's going to be very very interesting. So don't get too caught up on that moment price ways it can really get you down if you let it. It's like watching the weather the storm clouds they always pass in the sunshine comes back sunny days.

Also have an interesting data for you for today, Ethereum has added more than 500000 new addresses a week since the start of the year just mass of a half of million new addresses a week. The fact that there's been a very strong address up trend for Ethereum. Actually over the last few months in total there are now around 85 MILLION Ethereum addresses at this rate probably gonna across the HUNDRED MILLION address mark sometime this year.

Now that of course is not mean that there will be a hundred million users on Ethereum. I probably have, I don't know 15 different ethereum addresses that I use from time to time 4-5 I use most of the time. But a few others that are just out there and get in once in awhile maybe look and maybe have a higher frequency user without my multiple wallet in a different exchange accounts but I imagine that most users have at least 2 or 3 at the address is still though very cool staff to see the network growing like this. Anyway, thank you so much for reading hope you have an awesome day out there wherever you are in the world if you didn't join today's blog. Click the thumbs up button, appreciate it. Make sure to follow me if you're new around here. Long live the blockchain, and peace out the next time.