The Long Investor
patreon
$ETH
🕑 Added 2025-02-13 12:30:09 +0000 UTCWe do have higher highs and higher lows here since the 9th of Feb and have held on the 0.5 fib at $2522, since the flush down to $2100 on the 2nd of Feb.
But there is no reversal confirmed just yet
This is still open to testing the 0.618 Fib at $2427 and can still go higher next and attempt to stay out of the channel.
Bulls want to see a higher high above $2915 to confirm the trend is to the upside again and they also want to see $2427 defended as support if there is a pull back to the 0.618 Fib
That being said, the 200 WMA is at $2480 and anytime $ETH is close to this MA, it's a buy for me and it is a formidable support level
To me, we are closer to the bottom now and nowhere near the top.
RSI has also moved higher from 30 up to 33 now over the last few days on the daily chart, showing a slow gradual bullish move....which is clear from the higher highs and higher lows.
