Many say that the market for Crypto's is dead right now! And that is absolutely true. But ETH has a beautiful structure based long signal. Thats the reason why i went long!
For the defensive traders, wait till the market broke through the trendline!
I do not know how far the market is able to go! But it is also possible that market will make another all-time high!
Market hit the upper trendline and did a clean pull back. But depending on the fact that the trendline which the market hit is on the D timeframe, we can expect the market do do another bigger move to the downside befor continuing with its overwhelming uptrend on higher timeframes!