Ethereum has shown a bullish increase in the past week and is currently at a price fluctuation, this market forms a flag pattern and therefore I feel that the once/if the price exceeds the resistance as shown in the diagram the price of ethereum will continue to rise.
Personally I feel that Ethereum is a long term hold and this would be a good entry into the market.
Note
Resistance is broken now, interesting to see if it continues to rise or remains in a fluctuating manner.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.