@Flv3, many many factors however the most powerful indicator is bull volume although volume is always significant it isn't EXTREMELY EXTREMELY IMPORANT OF AN INDICATOR.... HOWEVER WHEN THE VOLUME OF THE BULLS IS QUITE LITERALLY 10X THE BEAR VOLUME IT IS AN EXTREMELY EXTREMELY POWERFUL INDICATOR OF A TURN AROUND OF DIRECTION!!!!! IT MEANS SMART MONEY THE WHALES THE ICO COMPANIES THE SMART MONEY THAT TOOK PROFITS AT 1000+ AND THE ICO COMPANIES THAT SOLD OUT AT 700 DOLLARS AT A LOSS THAT SOLD AT 500 DOLLARS AT A LOSS THAT SOLD AT 400 DOLLARS AT A LOSS ARE LOOKING TO GET BACK INTO THE GAME WITH DOUBLE TRIPLE 5X 10X THERE ETHEREUM COINS THEY HAD WHEN THEY SHORTED IT MONTHS AND MONTHS AGO think about it say your a whale and decided to take profits and 1000+ dollars and seen eth crash to 170 dollars you could almost buy back 10x the coins you originally had even if you kept half the money you sold and put half back in you literally still have 5x what you previously had while keeping half the money!!!! the volume is a sign that these guys are back and they don't come in just to play around and get destroyed they know what they are doing trust me they will not let it go back down
@jordanmorin13, But as a whale, if you got the opportunity once to buy at 170, why would you not get the second oppourtunity? And if the bull volume is 10x higher than the bull volume, why is the price not going up?
@Flv3, the only reason the price is not going up right now is quite literally just waiting for bitcoin it doesn't want to take off without it as soon as bitcoin starts to rally again eth will rally triple as hard