Some ciritical long term indicators are showing a potential long upward price movement with Ethereum. First is the MACD bullish crossover. If it can break and stay in positive territory it would be the first time it will hold Bullish support on the Daily since 2015 which could set it up for another huge run like it did in 2017.
The Daily Ichimoku Cloud could be a massive wall it will have to jump through if it cannot make a giant 50% move with in the next 2 weeks. If it's rejected by the Kumo the next upward move wont be until March.
Either way, the low $100 price point seems to show some good support and is a semi-low risk hold over the next couple months in my opinion
The Daily Ichimoku Cloud could be a massive wall it will have to jump through if it cannot make a giant 50% move with in the next 2 weeks. If it's rejected by the Kumo the next upward move wont be until March.
Either way, the low $100 price point seems to show some good support and is a semi-low risk hold over the next couple months in my opinion
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EDIT: The MACD staying in Bullish terrority was in early 2017, not 2015. Either way, all indicators are positive barring any negative news