Ethereum long - trend reversal
ETH has been in a downtrend for a long time. It hit an all-time low not too long ago and we're seeing higher lows now which is a bullish sign. TK cross happened below the Kumo cloud which means a weak bullish signal. Furthermore, RSI is looking higher which shows more bull strength. It's overbought now though so in the short term expect a dip. I'm very bullish on eth long-term though, especially because 2018 is a big year for Ethereum. It's gonna show what it's capable of. I expect a bull-run somewhere between now and New Year's Eve. I believe we can hit $1000 by then.9999
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.