ETH overview & outlook

Bear mode is still on, however I expect some bounce from 430 zone - please see the huge red trend line - if this breaks '18 yearly low is the next support.
Wait for reversal pattern and volume increase before opening any long positions.

Fundamentally ETH is being currently punished:
-ETH/BTC broke the trendline in the recent days, ETH is being devaluated against BTC.

-ETC/ETH has recently gained momentum (its fading a bit now), some shift in the mining industry might happen.

-EOS has significant support by the community and it promises to be a better dapp platform - lets see if they can make it.

-In 2018H1, we were still waiting for proper regulation guidelines to attract big money and start to see a bull run.


PRO: Still ETH is the most popular dapp platform with highest adoption and it is supported by the biggest decentralized mining community.