Ethereum Daily Outlook...

Ethereum has been flirting around the 50 EMA since around Christmas where it broke above it for the first time since May. This is good news but we still need more time to solidify a bottom. The market is still unsure of where it wants to go so I won't be making trades for now. I expect it to trade in a channel from $113 to $160 in the near future. When it breaks these levels, we will have more clarity. We need to get above the resistance of $160 and the 100 EMA for a bullish move.