ChartArt
Short

Ethereum rally comes to a screeching halt

KRAKEN:ETHXBT   ETHXBT
622 1 6
The rally has found a peak and has problems to stay in high altitude. My recommendation is to sell Ethereum and wait for a new lower entry in a few weeks.

  • Daily candle spells doom
  • CCI shows a bearish overbought signal
  • The ETH price is up many hundred percent in a very short time
to name just three arguments to sell.

Starting at 0.015 BTC down to 0.010 BTC it's getting more attractive to re-enter the big rally.
Comment: There is a new sell signal on the CCI. Let's see if the Ethereum market doesn't react to it a second time and rallies more for a few days or (finally) starts to decline this time.

snapshot
Comment: P.S. I moved the sell arrow on my last screenshot more into the future, because everyone wants to wait to sell until this event.

"the upcoming release on Homestead (means Ethereum will be out of beta on March 14th)"
http://cointelegraph.com/news/is-ethereum-about-to-topple-bitcoin

but the CCI is already bearish, as mentioned before
snapshot
Any idea from here?
Tim is overly bullish on ETH:
Ethereum - ETHXBT - Daily - SuperTrending market - Buy Zone

Me .. not so much. I see it pinching at least the 50FIB retracement @ 0.02 or 618 @ 0.01548
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