ETH BIG PICTURE

26 feb 2018

We are in a long-term bearish channel, where a price recovery force and continuation of an upward trend was evidenced in the price level of 569 $, explained by the high volume and the exhaustion of the selling force. While this is happening and the price continues to recover, we will see a correction of at least 61% ($ 715) before following the bullish path. We must remember that the analysis is still tied to the movement of the BTC, which drags the other currencies of the market, our recommendation is to enter long at the time of a break above the channel.

TP1: 1106 $ (WE WILL EXPERIENCE ALSO VOLATILITY)
TP2: 1370$