what you see on the chart is the way the trend goes and two support lines. the reason is to hold on profit if the trend breaks the support 1. i will not sell but i will buy more on the half way to the support line 2 and if it hits support 2 i will buy more. cause eth got strength as btc to rise.
from what i read of new upcoming projects, the eth got a future for...
if it breaks the redlines its a sell if it breaks the green its a buy. but however the main trend are still up but may break to a sell if it breaks (sell 2) with a change to a buy trend after the break in while as i am taking the (sell) as a resistense line and (sell 2) as my support line.
btcusd long way on the safe uptrend with no danger to fall down to year low. how ever everyday got an uptrend with few small drops but the main trend is up. so no fear to loose if it falls a few drops, cause the future of btc are so bright year after year and that what they call technology .