I woke up to $ETH, finally showing some strength.
ETH jumped 17% to around $2,238, breaking above the 200-day MA near $2,003 and pushing toward the $2,328 local high. The 7 day and 30 day MAs are also pointing higher, while MACD has turned strongly positive.
The only caution is RSI around 80, which means a short pullback would not be surprising. Still, holding above $2,000 would keep the bullish setup alive. If ETH clears $2,328 with volume, the next leg could be much bigger.
Momentum is back, and ETH now has a chance to lead the altcoin market higher.
#Altcoin Season#
ETH jumped 17% to around $2,238, breaking above the 200-day MA near $2,003 and pushing toward the $2,328 local high. The 7 day and 30 day MAs are also pointing higher, while MACD has turned strongly positive.
The only caution is RSI around 80, which means a short pullback would not be surprising. Still, holding above $2,000 would keep the bullish setup alive. If ETH clears $2,328 with volume, the next leg could be much bigger.
Momentum is back, and ETH now has a chance to lead the altcoin market higher.
#Altcoin Season#