Take a look at this weekly MACD. It's itching to cross. If we get a solid cross, we will be going much higher.
On a small scale, if we break $200, we should see the $230 area pretty easily. Follow by $250, then 300.
If you follow me, you know I have laddered into ETH from 450, and currently, have an average buy around $300. I am still targetting around $500, and much higher depending on what happens up there. We have to wait and see what it does once we get up there.
Lot of really good news that will drive the market. And check out Coinbase order books. Large buyers are starting to surface again. Right now, there is an order sitting at 197.70 for 2,697. It's been there all day, which is a very good sign.
Happy hodling,
-Sherem
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Last Analysis for reference, some other fundamentals in this analysis:
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If we zoom in and watch this 200-205 area that ETH is piercing right now, a solid close above will indicate a move higher to the levels I outlined.
You're right, ETHUSD could be getting ready to move, but it hasn't moved yet. It bears watching. I'll be convinced ETHUSD is taking off (4h) when it gets above $210. Until then, it's just spinning its wheels like the cars in movie "The Fast & The Furious". I don't care if ETH goes "fast" or if it goes "furious". I just want it to get in the race and it can't do that if it can't get over the starting line. :-)
Sherem
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@BDG, Yep, very true. It might not move until Jan when Constantinople comes out, but I think we might get a move before then with Bakkt and other developments hitting in December.