Etherum overall has been on a nice bull run in the long term. The monthly chart shows a continued run of higher lows on the BTC pairing. I am looking to add to my ETH holdings as it is the only other coin than BTC that i actually hold for long term consideration at this point. We are seeing the signs of a trend reversal coming out of a correction. We found some support near the bottom bollinger band which matched up against a support line around 7981304 SATS. AC oscillator is turning green and heading back to the zero line and the BB% is trending up. I would consider a buy in once the Ac oscillator crosses the zero line and we break the current channel. All these indicators will confirm a new trend which will be a good sign to buy in.
Another break in the channel but very weak trend started. We have not broken resistance at 7804185 sats and still are below the 20 period moving average. Volume again is starting to taper off so we may not see a break. If i am going to add to my ETH holdings, we need a break of the resistance line and a close above the 20 period moving average with some good volume behind it.