ETH/USD Analysis - Best Yet Rally to The Moon!
I do not think I speak for myself when I say it is quite a relief to finally see ETH/USD break above the resistance line ($350) and exit the ranging territory ($250 - $350) and into the bullish territory ($350+). It has been quite frustrating & almost felt like watching grass grow (by cryptocurrency standards).
It is quite early to tell if it can stay above $350 and remain there but the surge looks quite strong as it is backed by impressive market volume. I also see new entrants making their way into the market before 2018.
If we can reach the ATH (+$400) anytime soon we may be expecting a market correction soon after - the correction/down-sing may reach lows of $350 (previous resistance). This has the potential to make around $350 our New Support - if done successfully we may be on our way second and best yet rally to the moon baby!
It is quite early to tell if it can stay above $350 and remain there but the surge looks quite strong as it is backed by impressive market volume. I also see new entrants making their way into the market before 2018.
If we can reach the ATH (+$400) anytime soon we may be expecting a market correction soon after - the correction/down-sing may reach lows of $350 (previous resistance). This has the potential to make around $350 our New Support - if done successfully we may be on our way second and best yet rally to the moon baby!
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