ETH outlook

in #ethereum • 6 years ago

Ethereum ETH_USD hourly.png
hourly

Ethereum ETH_USD.png
daily

My opinion:

So far we didn't see any bottom yet. As we see in the daily chart the break through 370 has to be seen very negatively. For a longer bullish time this level has to be retaken very soon.
So i guess it can't break through 320 and will fall again in direction of 250. There it should decide if this support can hold and bring ETH to higher levels again or not.

Alternatively, if it can break through 320 it would be a very positive signal and then the way up to 350-370 is open and should be reached very fast.

As always its only my opinion and trade well.

#eth #trading #crypto
6 years ago in #ethereum by
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