Up until mid-February, ETH was trading in an upward wedge that broke to the bottom. However, it somehow managed to recover to the upside by riding the coattails of Bitcoin (which was in its own upward trend and broke out of its own wedge to the positive side).
Now that bitcoin is falling, it looks like ETH is going to fall with it, but not as nicely as Bitcoin. This leaves some great opportunities to buy around the 1.5K or 1.3K areas in the next month or so if I am right. Still some time to see however, so best to be patient, and especially keep an eye on BTC!
Now that bitcoin is falling, it looks like ETH is going to fall with it, but not as nicely as Bitcoin. This leaves some great opportunities to buy around the 1.5K or 1.3K areas in the next month or so if I am right. Still some time to see however, so best to be patient, and especially keep an eye on BTC!