The market could be good for buying in long run. But it does not look solid from fundamental support, because new ICO project won't push it upward like it was in the previous year. Even we have a trend reversal signal confirmed by a bullish divergence, opening buy positions will be a good idea only with close targets placed at resistance levels like 350-400 and 700.00. Only if there is strong fundamental support it will be possible to close the part of trade volume at 800 and 1000.00 resistance levels.
Please note, "short term" and "long term" tern are based on the daily time frame.
If you think this idea is helpful for you, please support it by your LIKES. It will be good reward for me from your side. Share your ideas about Ethereum in comments. Also I will be glad to see you on my live broadcast which will be 24 of October. It's absolutely FREE and we will talk about crypto markets - the past, the present and the future.
P.S. The previous post about Bitcoin in the related ideas. If you did not watch it, please do it now. I will find my ideas about this market.
Dmitry, you don't answer any comments. Why do we even follow you?
DLavrov
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@arandon, I reply comments, you can look at the previous posts. As for this one, I did not have time. We prepared to the live broadcast and I spent all my time for this. And one more thing, TradingView is not my main place of work. I post here, read and reply comments when I have free time.
arandon
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@DLavrov, understood, thanks a lot for the response :)
vh6889
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I think ETH has hit the bottom:
vh6889
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And I beat on ETH stronger raise up than BTC in the short term.
prntscr.com/la63da
Dmitry, what do you think about this guy's prediction?
DLavrov
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@arandon, I guess this guy has Crystal Ball. The main thing is, we don't know exactly will the price break the support zone or not? If it break and there is fundamental support or ICO project will decide to sell all their ETH, probably the price will break the zone and move to 150, 100 levels. I think if it reaches 35USD - we should forget about this coin. But still, for me it's more likely the price will bounce and move upward.