ETH is slowly moving higher with MACD on 4h about to cross on the positive side again which will bring back some lost momentum on the bullish side.
We did not really have any reasons to be too concerned with ETH because we never broke our ascending support line, hence we're moving nicely on this line upwards.
The first major resistance that I see is just under $2,400, therefore once we clear higher from our current ATH we should move to that area pretty fast. We will have to re-assess the price action there before making a new assessment as we could be pushed back to consolidate before a future attempt at $3,000 which is pretty certain at this moment.
Just a matter of time. Bias still remains very bullish on ETH and we're about to move higher soon. Most alts pumped very well today especially XRP and XLM (see below my ideas), hence the alt market is ready to pop, including ETH.
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We did not really have any reasons to be too concerned with ETH because we never broke our ascending support line, hence we're moving nicely on this line upwards.
The first major resistance that I see is just under $2,400, therefore once we clear higher from our current ATH we should move to that area pretty fast. We will have to re-assess the price action there before making a new assessment as we could be pushed back to consolidate before a future attempt at $3,000 which is pretty certain at this moment.
Just a matter of time. Bias still remains very bullish on ETH and we're about to move higher soon. Most alts pumped very well today especially XRP and XLM (see below my ideas), hence the alt market is ready to pop, including ETH.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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