Ethereum testing the trend line on daily chart. If trend line will hold support BITSTAMP:ETHEUR could go for ATH, otherwise correction is going to take place and we should stay away till the market stabilizes. Then buy at lower level.
My previous chart on ETHEUR was ... well, it's just not visible any more ;)
Small amount of euros left, let's try to make some more out of it.
Entry above 401.5, targets at 440 and 500, stop loss at 370.
We might see Ethereum breaking through the 61.80% fibonacci retracement line and possibly gaining support at the 78.60% line (around 410 Euro) in the coming days. From the recent bottom a rather clear support line substantiates this claim.
Resistance at 383€, floor at 371€. It has been bouncing around these two levels since 11-26 1:00 am GMT+1, RSI getting closer to 50 bullish zone and Stochastic turning upwards. We may well be preparing for another bullish run IF volume rises in the next hours.
Consolidation pattern forming, if it breaks up, it could go up to 414€ as per Fibonacci Retracement
In the last 24h ETH price has been pretty much stable between 380-395, RSI is bullish on the 4h chart. Couldn't find any bearish divergence.
The consolidation triangle I drew before went on longer than expected, however it finally broke up.
Meeting a resistance at 390€ right now, which just broke a few seconds ago.
Next resistance is 407, if everything goes well we could go for 467