Which denotes the number of holders of ethereum for the past year to see how much profit they're in and what that might or might not mean for the price and then finally we will analyze the top ethereum holders and determine what if anything it means that they have been dipping recently in terms of the number of top ethereum holders and we will also take a brief look at this article this is really the bigger picture this isn't just you know looking at lower term time frames and then and again we're going to look at some statistics
Which might show that there might be some sort of shorter term bearishness but on the longer term time frames things are looking pretty good so over here you can see we had resistance in june 2019 we resisted again in august and in september but then bam we went right through this and when we went through this resistance we saw a monumental 260 move i mean actually it's much bigger move if you go from the very bottom but you know what this means is that this is a very critical level and then of course we came down here we found support for a move up and when we broke down from this level
You know we saw a very long and unfortunate bear market but now look at this we've had one candle break above this level and not only break above it but close above it if we can have another monthly close above this 400 level that's going to be phenomenal and i honestly think it's very likely that we will even if we might in the short term see you know a dip and just for your information when it comes to bitcoin we also have one absolutely critical line here on the weekly chart and this is the 11 500 level basically we have closed above this already two times three times
We've closed above this on the weekly chart and right now we're just below it i honestly don't think that we will break 11 100 but if we do that is the next very important support and if we do break that then we'll probably find support around the 10 000 region but you know if you're waiting for that level to to buy in you know you might be disappointed i'm personally ready for it if it happens i'll be buying back in but i'm already in a quite
