Even after the fork, Ethereum failed to gain enough momentum to break the 380$ resistance. But I would not loose hopes now - Ethereum, as it can be seen in the posted chart, is in a long term symmetric triangle. It has good chances to break above the upper trendline and rise further.
The blue line represents the date of the fork.
ETH already broke the 50 day moving average - and it might soon break the 100 day moving average, too. What is important though is the support by the lower trendline.
I think all we need at this point is a lot of patience.
A stop loss should be placed for a braeakout to the lower trendline.
The blue line represents the date of the fork.
ETH already broke the 50 day moving average - and it might soon break the 100 day moving average, too. What is important though is the support by the lower trendline.
I think all we need at this point is a lot of patience.
A stop loss should be placed for a braeakout to the lower trendline.