this is an update to my older ETH-analysis; it´s not totally new but adjusted In the past days ETH followed - with some up and down movements - the third impulsive wave (EW) Where will it end? I suggested it could be around the fib retracement 161.8% - and there we are. Of course I can be wrong and ETH will continue its rise.
If ETH breaks the resistance and stays above this line (at least one 4h-candle!), then one can expect the end of wave 3 higher. As we arrive in uncharted land one possible aim could be the next fib retracement at 261.8% (1.800$).
ETH is within the green trend channel - on the upside now.
This is another reason why it could turn at this point. a) Fib Retracement b) Trend channel limit
Indicators: RSI: strong - overbought MACD: strong ADX: low - but turning +DI: positive (turning?!) -DI: very low