EXANTE-MM

ETH/USD Growth potential

Long
BITFINEX:ETHUSD   Ethereum
If we take a look at the daily chart of ETH/USD we can see we have been currently trading in an ascending channel and the supporting trendline has been respected 3 times already (highlited in green) and while a test is possible the chance for growth looks higher becase we see the volume is decreasing yet techichally we are still in an uptrend. The 0.618 fib level is acting as resistance at the $190 level and if we see a break my next targets are $225 and $250 aiming at the top of the channel. BTC dominance has pulled back below 70% which means funds are flowing into alts

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