This Chart is Showing Me Ethereum to $2400 in Months

15 ก.พ. 2023

Traders,

Though caution is still warranted in these conditions, you are not wrong to begin your dollar cost average (DCA) in for some of the larger cap cryptos such as Ethereum. If we are not at a bottom yet, we are certainly near it. And from all the data that I am seeing, the next few months should be pretty decent for crypto.

Take a look at this Eth chart. You will observe several positive indications that the bulls are beginning to take charge here.

#1 - The inverse head and shoulders pattern. Ethereum looks to be forming this bullish pattern, though not completed or confirmed yet.
#2 - Above the 200 day ma. Above the 50 day ma. Above previous resistance (now strong support). All of these intersect to form a huge area of confluence and super support from here.
#3 - Golden cross. 50 day ma has crossed back above the 200 day ma.

These are all great signs for Ethereum.

Target $2400 by May.

Best,
Stew