ETH painted a very nice candle today after finding support off its old ATH...
If we close with a bullish engulfing candle today the path towards $1,800 should be clear and after that $2k is in danger.
If this bullish momentum is maintained (watch BTC as well which had a great day today) then in March I see ETH going beyond $2k and pushing up to form a new ATH.
Right now the timeframes under 1 day are quite bullish and this momentum is slowly transferring to higher timeframes with the MACD and RSI on daily curving up nicely.
Bias remains quite bullish on ETH and I like what I see here, we seem to recover this recent drop quite well and quickly.
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If we close with a bullish engulfing candle today the path towards $1,800 should be clear and after that $2k is in danger.
If this bullish momentum is maintained (watch BTC as well which had a great day today) then in March I see ETH going beyond $2k and pushing up to form a new ATH.
Right now the timeframes under 1 day are quite bullish and this momentum is slowly transferring to higher timeframes with the MACD and RSI on daily curving up nicely.
Bias remains quite bullish on ETH and I like what I see here, we seem to recover this recent drop quite well and quickly.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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