Hi guys!
Here are my thought on Ethereum for today.
ETH - Daily Chart (Breakout Scenario)
Tools used: Ichimoku Cloud and Trendlines
Since ethereum has made a double bottom this could be the probable scenario to complete it. Breakthrough the upper resistance around $850 and then testing previous high around $970. If this pattern completed we might see a rally on the ethereum.
ETH - Daily Chart (Breakdown Scenario)
Tools used: Ichimoku Cloud and Trendlines
This the other scenario since we know so far bitcoin hasn't broken through the massive bull flag and there is also Tokyo whale around with 166k bitcoin.
Which could crash the market at any time by selling them at the upper resistance and affect alt coin market overall. You can see my bitcoin post here.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
You got a 12.41% upvote from @inciter courtesy of @devytan!