Close to a flag pendent breakout with a morning star closing yesterdays price possibly indicating trend reversal from the recent decline.
Yesterdays flash crash makes technical analysis quite difficult as many exchanges are backlogged with ETH orders for pending selling and buying. In general this is a fundamental indication that the ETH network may not be as strong and scale-able as bulls had hoped, but introduces good buying opportunities for those who can actually place orders. Likely this technical issue will produce more volatile trading behavior in the short term, but could also ignite a trend reversal to the upside.
Yesterdays flash crash makes technical analysis quite difficult as many exchanges are backlogged with ETH orders for pending selling and buying. In general this is a fundamental indication that the ETH network may not be as strong and scale-able as bulls had hoped, but introduces good buying opportunities for those who can actually place orders. Likely this technical issue will produce more volatile trading behavior in the short term, but could also ignite a trend reversal to the upside.