I would like to think we hit bottom on ETH and long term chart shows indications of this. The weekly MACD is very close to crossing up and the RSI is showing bullish divergence. Even though this may be the bottom, I believe it will take about a year to get back to the last local high of around $800 which is still 4x the current price. ETH futures are most likely incoming within this time and will be the propeller for the move up. I believe ETH will outperform BTC for the next year until BTC goes on a massive run before the halving at 2020. Long term target still stands at around 2.2~2.5k within 2 years time.
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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.