ETH ready to ignite alt season?

Keep an eye on ETHUSD as it moves towards the cradle zone between the 10 and 20 moving averages.

As I've highlighted, it has a habit of bouncing off this area during an uptrend. (And dumping during a down trend)

I'll be watching the area I've highlighted to see if indicators align once back in the zone, and you should too.

Comment:

I really expected this to pop earlier but the trade is still very much valid.

We are however testing support at 258.57 and if we lose this I consider the trade invalidated. Therefore I'm shifting my stop right up to this level.