Now that the China debacle news is behind us what can we expect from the ETH price in the next few weeks? Looking at the price chart we can see that even with the volatility over the last couple of months there is a strong long term Bull support line which ETH has been following. ETH has been hanging around another strong support line of $300 for a few weeks now. Finally both lines intersect causing ETH to break. Price confirmation of a bull break that’s also sticking to the long term bull support signals upwards movement. With Metropolis release around the corner bringing positive development to the protocol I think we may hit ATH again soon.
NOTE: This should not be taken as financial advice.
