Keep an eye on the trendlines meeting the $1400 mark where there is significant support from bulls.
IMO considering the overall trend and that I consider the bull market still to be ongoing this is a bullish sign, but only time will tell. If it breaks upwards out of this trend it is a very good sign, however if it drops below this support line it could signal significant bear moves.
IMO considering the overall trend and that I consider the bull market still to be ongoing this is a bullish sign, but only time will tell. If it breaks upwards out of this trend it is a very good sign, however if it drops below this support line it could signal significant bear moves.
Comment:
It appeared as if Eth support at this line fell through but it was all a lie. The trend appear to have broken and Eth is making it to the 1500 resistance which I think it will make short work of. 1700 is the target I think we is likely to unfold but this could be short lived.