WHY you won't see ETHEREUM below 100$ ever again.
The minimum could be set.
First bullish sign
Just look at the volumes in the December low compared to April and September lows.
They are incredibly high: this means that an intense accumulation has been done: the crypto bulls accumulated heavily around the 70$/110$ level.
Second bullish sign
First times that we trade ABOVE the MA50 on all the timeframes since April. MA50 now will actlike support.
Third bullish sign
Increasing volumes on daily TF on all the crypto assets. Something is moving
Fourth bullish sign
After the 160ish resistance, there is in play a perfect reverse head and shoulders pattern, which would lead Ethereum at least to 200.
If 70$ is the real minimum, and as in the crypto market bullsdon't go for 10% but for way bigger profits, we could expect eth to trade in the 200$/400$ area in the next months.
First bullish sign
Just look at the volumes in the December low compared to April and September lows.
They are incredibly high: this means that an intense accumulation has been done: the crypto bulls accumulated heavily around the 70$/110$ level.
Second bullish sign
First times that we trade ABOVE the MA50 on all the timeframes since April. MA50 now will actlike support.
Third bullish sign
Increasing volumes on daily TF on all the crypto assets. Something is moving
Fourth bullish sign
After the 160ish resistance, there is in play a perfect reverse head and shoulders pattern, which would lead Ethereum at least to 200.
If 70$ is the real minimum, and as in the crypto market bullsdon't go for 10% but for way bigger profits, we could expect eth to trade in the 200$/400$ area in the next months.
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