Ethereum Analysis 3/28/19 | Resistance holding strong

٢٩ مارس ٢٠١٩

Ethereum is ripe for a correction. What it appears to be is that ETH would most likely retrace to about $138.71 before validating or invalidating this short-term move up. Because of that rejection of the 38.2% Fib line that I had written about yesterday, that to me is not a sign that we are confidently in bullish territory yet. Even if we do move up, I still believe that a certain retracement at $154 is still good for a little bit of profit. We haven’t broken down any major support this week so overall, I am still long-term bullish until $180-$190 right now but we will just have to wait and see.