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#ETHUSDT Ethereum has maintained a bullish structure on the monthly chart and the rally below key resistance continues.

Given the formation of a bearish widening wedge and the accumulation phase, the target for this cycle could be in the $7,000-$8,000 range.
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#ETHUSDT Ethereum has maintained a bullish structure on the monthly chart and the rally below key resistance continues.

Given the formation of a bearish widening wedge and the accumulation phase, the target for this cycle could be in the $7,000-$8,000 range.

BY Technical CRYPTO Analyst




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Ng Man-ho, a 27-year-old computer technician, was convicted last month of seven counts of incitement charges after he made use of the 100,000-member Chinese-language channel that he runs and manages to post "seditious messages," which had been shut down since August 2020. With the sharp downturn in the crypto market, yelling has become a coping mechanism for many crypto traders. This screaming therapy became popular after the surge of Goblintown Ethereum NFTs at the end of May or early June. Here, holders made incoherent groaning sounds in late-night Twitter spaces. They also role-played as urine-loving Goblin creatures. The court said the defendant had also incited people to commit public nuisance, with messages calling on them to take part in rallies and demonstrations including at Hong Kong International Airport, to block roads and to paralyse the public transportation system. Various forms of protest promoted on the messaging platform included general strikes, lunchtime protests and silent sit-ins. On June 7, Perekopsky met with Brazilian President Jair Bolsonaro, an avid user of the platform. According to the firm's VP, the main subject of the meeting was "freedom of expression."
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