With metropolis updates just a few weeks away potentially we are expecting some big news and price movements in Ether. Metropolis is going to be the last big update for Ethereum before the migration to Proof of Stake (POS) in the Casper release! Metropolis is expected to increase transaction capabilities to levels that surpass any other coin, provide a means for off chain and anonymous transactions as well as pave the way for the ultimate dream of POS with casper!
Ether is relatively cheap now after finally breaking out to the upside of $225-250 it has been range locked in for almost a month now. My easy to see charting shows that there is a high probability that we are about to test $300 and quickly begin a rally upward trend we have seen just a few months ago.
As we see the candlesticks are beginning to bounce and retrace upward off all the major moving averages (10,20,100 days). We are seeing now the most bullish signals in ETH since the last 1300% rally we saw from March through June!
Let me know what you all think and thanks for reading!