Same kind of pattern can be seen on the ETH/USD chart as is seen on the BTC/USD one. Keeping it simple, a daily close above 235 would switch my bias to bullish. Would expect price to gravitate to the 270 region hoping for a pullback to test the prior resistance to confirm support at 235 to board the ship to 300+.
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Ethereum is looking very bullish, with only a short time before confirming the end of the correction and resuming bullish impulse waves within the larger Wave 5.
After the descending resistance line (in pink, from 288-270ish) is breached, now at 277-275, I expect a small patch of resistance at the previous high of $288. Breaking the line should bring bulls to...