$ETH Weekly Levels | Consolidation
Technical analysis on ETH/USDT 
ETHUSDT, strong consolidation looking for a big move toward eow.
HEADLINES: ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA (Cointelegraph)
TRADE IDEA:
ENTRY 1: $466.33
ENTRY 2: Breakout of wedge resistance (green box), wait for confirmation
TP 1: $488
TP 2: $515
STOP LOSS: $455.89
-DCJ-
ETHUSDT, strong consolidation looking for a big move toward eow. HEADLINES: ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA (Cointelegraph)
- Ethereum 2.0 poses a scaling solution that vastly increases the number of transactions per second. It will also move the blockchain to a different consensus algorithm known as proof-of-stake. The team says that it is currently aiming for a Dec. 1 launch date for ETH 2.0 Phase 0.
- Rollup-centric upgrades, a simplified merge, and the parallelization of phases are among the top revisions to ETH 2.0’s roadmap, according to Buterin, which impact the final network results. “All of these changes are designed to decrease the time until eth2 becomes useful to people,” Buterin said.
TRADE IDEA:
ENTRY 1: $466.33
ENTRY 2: Breakout of wedge resistance (green box), wait for confirmation
TP 1: $488
TP 2: $515
STOP LOSS: $455.89
-DCJ-
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