Ethereum is about to undergo a once-in-a-lifetime metamorphosis that will be remembered for decades. My conservative estimate is that Ethereum prices will 2x over the next month and continue to climb higher and possibly faster than it ever has or will.

Both Bitcoin and Ethereum or down on the day ahead of tomorrow’s release of the U.S. consumer price index for July. Bitcoin had effectively a false breakout yesterday from a compression triangle that dates back to mid-June.

Ethereum and Bitcoin are posting their first daily gains this week while they both are trading near the top of their current ranges.

After a huge boost in the value of Ether, (Ethereum’s native) last month gaining over 50%, traders who are up on their long Ethereum trades might be asking themselves if now is a good time to pull their profits.

Over the last few weeks, we have been hesitant to label the low at $17,585 reached on June 18th as the bottom for Bitcoin’s price. We did however conclude that all the criteria for a BTC bottom had been met.