Ethereum is doing well last hours, but I don’t think it will continue like this! ;-)
ETH is in a downtrend. ( Indicated in red on the chart )
You can see in blue what I think will happen with Ethereum.
In the past, ETH bounced a lot ( green ) and It may continue.
The yellow line is a potential support, so I wouldn't personally buy Ethereum now.
The MACD Chart is looking good and the RSI isn’t to high, this reinforces my theory.
So to sum up, I think that ETH will go to 860 $ and then bounce back down to 832 $!
ETH is in a downtrend. ( Indicated in red on the chart )
You can see in blue what I think will happen with Ethereum.
In the past, ETH bounced a lot ( green ) and It may continue.
The yellow line is a potential support, so I wouldn't personally buy Ethereum now.
The MACD Chart is looking good and the RSI isn’t to high, this reinforces my theory.
So to sum up, I think that ETH will go to 860 $ and then bounce back down to 832 $!