The recent bullish move by BTC has given momentum to other top Altcoins. Ethereum has broken above the stubborn 20 SMA, but needs to confirm a break with a candle closure. Until I see a confirmed bullish reversal signal on MACD, Momentum, and the 20 SMA indicators, which may be occur in another one or two candles, I anticipate a drop to the red resistance line at $157 to retest as support. Once this happens, a break upward seems imminent and a shot to $180 is on the horizon.
Bulls are back, baby.
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