Hi traders! This is how I see Ethereum in the long run.
The last price drop in March 2020 shows us that that was the bottom because we did not make a new Lower Low.
Also at that moment RSI went into bullish divergence and I could see a rally from ETH.
What I think now is that we need to break the resistance around the price of 370, which will confirm a new Higher High.
Also look at the RSI, it could indicate the starting of a new bullrun.
On the bearish side price can be rejected around 370 and we will stay in the range shown on the chart.
Please hit the LIKE button if you agree with my idea.
Also leave a comment to see your perspective on Ethereum.
Thanks for the support!
The last price drop in March 2020 shows us that that was the bottom because we did not make a new Lower Low.
Also at that moment RSI went into bullish divergence and I could see a rally from ETH.
What I think now is that we need to break the resistance around the price of 370, which will confirm a new Higher High.
Also look at the RSI, it could indicate the starting of a new bullrun.
On the bearish side price can be rejected around 370 and we will stay in the range shown on the chart.
Please hit the LIKE button if you agree with my idea.
Also leave a comment to see your perspective on Ethereum.
Thanks for the support!
The above references an opinion and is for information purposes only. It is not intended to be investment advice.