Ethereum Monthly Chart Idea

Ethereum is one of the most relevant cryptocurrencies for many reasons, some may argue that EOS, Tron, Ada, NEO or whatever are better versions but none of them have the community Ethereum has. The amount of resources and developers using Ethereum is just impressive and not matched by any other project (not even Bitcoin). Nevertheless charts don’t care about such things…

ETH/BTC Monthly Chart clearly shows a major correction in ETH history. Since inception ETH formed a nice uptrend broken in this Bear Market but the good news is that ETH/BTC finally seems to be pushing above the support. If ETH remains above 0.035BTC for this month we may even retest the top of this TR (Trading Range) this year. Probably sooner than later but we have at least two major resistances, one between 0.04-0.045 and one more near 0.07, each one if and when broken should trigger more FOMO.

Zooming from the Monthly to the Daily we have this very interesting break and we may also have a Golden Cross (50MA – yellow, crossing the 200MA, red)…