Still, ETH is much undervalued vs BTC .
The price is still in the buying zone.
This level is very strong resistance which is present since the end of 2017.
It is very unlikely we fall below this level.
As the crypto market re-borns a demand for coins should be growing.
Ethereum is widely known with a large market cap and with a large community.
They also have one of the best coding engineers and business people on board.
So BTC is about to cross $10K. This is 50% of the top value.
Zone above this level is considered by many investors as a safe level to enter.
We think once we cross this level and we will be able to maintain there soundly the alt season will finally come.
Take a look at the charts.
Here are the details of the technical analysis:
• The price is very low – one of the longest support
• 400% gain is possible (mid/long term)
• If you want safer trade to enter long when the price is above 0.042 BTC
• WBM BUY/SELL Indicator – the price is oversold. This is a good moment to enter.
• The supply is still strong. We need more demand.
• The dynamic support was defended
Be prepared for a rally.
It can take a while but ETH is a solid project and you can not afford to not have it in your portfolio.
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Thanks for reading.