Compared to BTC the price of ETH is much less volatile. (blue line)
Nevertheless, ETH is also heading to the very long ascending trend line (pointed) and should not break it. This would either be a bad signal.
On the other hand ETH is still in a positive trend channel (green) and this is a good sign. The price shouldn´t break the lower limit of this channel and if it does this would end the long ascending trend.
Indicators:
RSI: below 50 and falling
MACD: positive terrain but falling
ADX: momentum falling, -DI above 20 and +DI is below 20
Indicators are signalling falling prices.
TA (see above): neutral - or short
Stop: below support (fib retracement at 38.2% / 900$).
Buy: if the lower limit of the trend channel is strong and the price rebounds - then ETH can turn to the fib retracement 61.8% or higher.
Nevertheless, ETH is also heading to the very long ascending trend line (pointed) and should not break it. This would either be a bad signal.
On the other hand ETH is still in a positive trend channel (green) and this is a good sign. The price shouldn´t break the lower limit of this channel and if it does this would end the long ascending trend.
Indicators:
RSI: below 50 and falling
MACD: positive terrain but falling
ADX: momentum falling, -DI above 20 and +DI is below 20
Indicators are signalling falling prices.
TA (see above): neutral - or short
Stop: below support (fib retracement at 38.2% / 900$).
Buy: if the lower limit of the trend channel is strong and the price rebounds - then ETH can turn to the fib retracement 61.8% or higher.