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.
Recent ETH rises in fiat crosses seem to follow a pattern of sudden jump, narrow swing, range, consolidation pattern and further push upwards. As we test that all-important $100 level it's now make or break. Either ETH pushes through this level or we may enter a period of bearish activity.
ETC rebounce to moon with ether or should we head a bit further down ? In any case bitcoin isn't deceiving so far in the trip to the moon :) Let's see what's next :) French elections, yeah whatever's going on politically, cryptocurrencies seems to be at another level where only technological news matter, it's up to you ingeneers. Trade good, trade safe, trade...
Hitting that former resistance and being down the range, a long isn't far fetched, the hardest being to keep it as a swing :/
Well now, Ethereum has FINALLY busted out of that annoying flat line :) I'll be waiting for a bit of pullback and will be stacking.. I think the SEC is going to finally cave in and give the green light on the Bitcoin ETF - as well as the ETH EFT in the works. That plus crypto is only going to get stronger as time goes on... Time to stack :) SL? Well, I'm...
I have outlined here my thoughts on price action for Ethereum. I think we're in for a few more days of sideways action, and it needs to break above 51.57 before we can see the new "ramp up". We can see there is a nice trend up from March 15th, and I am expecting this to continue. I am in it for the long haul!