ETH broke above 161.8% Fib Extension after almost 2 weeks of struggle. Will tomorrow be another great Saturday for ETH?? Nobody knows, so we have to wait and see. There are no major resistance and the way up is clear. Next stop is 261.8% Fib Extension or $531. RSI on daily chart is overbought for a long time... So there is a great probability that we will have a major correction after hitting 261.8% Fib Extension.
P.S. I see a lot of ideas with no basis of technical analysis. In fact when I was bullish 2 weeks ago, a lot of non technical ideas were calling for a drop in ETH price and they said ETH is topped, without any facts to support their opinion. Please do not consider people ideas as a recommendation for sell/buy, especially non-technical ideas, always do your due diligence and know that you are responsible for your money.
Happy Trading.......
P.S. I see a lot of ideas with no basis of technical analysis. In fact when I was bullish 2 weeks ago, a lot of non technical ideas were calling for a drop in ETH price and they said ETH is topped, without any facts to support their opinion. Please do not consider people ideas as a recommendation for sell/buy, especially non-technical ideas, always do your due diligence and know that you are responsible for your money.
Happy Trading.......