The price is above the 20MA and 200MA which states upside momentum.
Also the down trend has broken up.
So looking at the state of crypto, with the optimistic Trump presidency and with Bitcoin goin up to it's initial target of $100,000 - Ethereum will most likely follow.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Also on:
Disclaimer
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.