Ethereum has been trading below the Bear Market Resistance line for almost 1.5 years now. However, this might soon come to an end.
In my view, a break out through this resistance can be the catalyst of a new bullish phase for ETH. BTC has already broken out through a similar Bear Market Resistance a couple of weeks ago, so now only ETH remains. Once the two biggest crypto's will be trading above said resistance it will give a clear bullish signal to the market.
I'm looking at the blue lines for my targets. Wait for the break out.
In my view, a break out through this resistance can be the catalyst of a new bullish phase for ETH. BTC has already broken out through a similar Bear Market Resistance a couple of weeks ago, so now only ETH remains. Once the two biggest crypto's will be trading above said resistance it will give a clear bullish signal to the market.
I'm looking at the blue lines for my targets. Wait for the break out.
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