I was previously long on ETh and i still believe it. ETH is in ascending channel but before moving further may need correction. If bulls manage to break the resistance line of ascending channel then there is chance of meeting the $3000 price for ETH.
If direction reverses and break EMA then it may drop to support line of ascending channel.
at 18th April ETH has dropped to SMA50 at 1899$. if bulls manage to break and sustain price above EMA20 at 2154$ then price may reach all time high at 2545$. if bulls can not defend the EMA20 then price may drop to 2040 $ and then to SMA50 at 1899$ and then to 1540$ support.
