Etherium is looking quite bullish on higher time frames like the weekly, and is likely to reach $370-410 in the coming weeks.
The Fib Retracement from the 2018 January highs to the 2018 December lows places the 0.236 right at the price range outlined above.
The stoch is getting high though, so if it reaches that price region I would be expecting some more mid-long term consolidation. But the RSI is not high at all, and looks to be very constructive.
This doesn't mean ETH won't have pullbacks on lower time frames as that is definitely possible. But more long term I would be bullish on Etherium.
Remember, most altcoins will follow what Bitcoin does. So if BTC puts in a top at any time, most altcoins against the dollar pair will react similarly to BTC. But against the bitcoin pairing, altcoins tend to do very well when BTC drops (this is due to it's dominance lowering, increasing prices of smaller coins).
The Fib Retracement from the 2018 January highs to the 2018 December lows places the 0.236 right at the price range outlined above.
The stoch is getting high though, so if it reaches that price region I would be expecting some more mid-long term consolidation. But the RSI is not high at all, and looks to be very constructive.
This doesn't mean ETH won't have pullbacks on lower time frames as that is definitely possible. But more long term I would be bullish on Etherium.
Remember, most altcoins will follow what Bitcoin does. So if BTC puts in a top at any time, most altcoins against the dollar pair will react similarly to BTC. But against the bitcoin pairing, altcoins tend to do very well when BTC drops (this is due to it's dominance lowering, increasing prices of smaller coins).