EthereumLong
One last shakeout in ETH before next leg up
Ethereum is in a clear channel that looks like it wants to touch the lower trendline at least one more time. If it continues on its current trajectory, the lower trendline is roughly around 1120. Notice the diminishing sell pressure in each touch of the lower trendline. Ethereum has already made new ATHs and needs a bit of back testing before continuing its amazing run which should bode well for the altcoins.
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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.