Its been quite a ride for cryptos these past few weeks. Thanks to Dimon's negative comments and China's actions on exchanges and ICO's. ETH has slipped to the support level of 258 - 240 making a good level to enter to the long side. The next focus will be on the upcoming fork for ETH which should help to bring some optimism back.
The cup and handle pattern in ETH is now widely recognized and we expect to see ETH pushing higher in the coming months.
The upward movement was too quick (FOMO). I feel it will revist 220.
justatrader
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Another $20 dip doesn't quite change the whole scenario and set up. However, the 'handle' is starting to look a bit steeper than usual. Let's see what this week holds for ETH.
Probably a solid one here.
Cheers mate.