Bitcoin Forum

https://whaleagent.club/ethereum-equilibrium-pattern-confirmed/

Ethereum has been trading sideways for 2 weeks now and has confirmed an equilibrium pattern on the daily chart. The current high of the pattern is $226.22 and the low stands at $200.5 although a new higher low seems to be forming at $202.46 but is not confirmed just yet.

https://i.gyazo.com/46d31ca0971f37f46ba9f79086c13f8b.png

It seems that a break is imminent and looks like the bears have better chances.

yes, depends on your charts, seems the sellers have more chance rather than the buyers
wich mean if the sellers win, the price will back down, but RSI indicators already hit the oversold area right ?
i hope the price will break up to continues the green mode on ethereum

So this can still go in either direction, we might see a reversal, or just the bears continue their dominance until we have a new break out pattern. But it is a good entry though specially if you love to do short trading. So let's see how it pan out in the next 4 hours or so.

It isn't oversold yet and bears more likely has the chance here, wish I can get bags as I can during this season. I can find some reversal after this chart.

just wait a little bit more, i believe the price of ethereum will break the resistant and rising in good movements my friend
and maybe now is the right time to fill our bags with ethereum

I also hope it is oversold. It could be like when BTC was near $3000 and people thought that it would fall lower, but it didn't. But we never know. A lot of people are expecting that Bitcoin falls lower, but the contrary can happen too. 50 percent chances for both scenario.

I'm so unsure what to do with this coin really. I got in at what I felt was sure to be the near bottom at $400. Lost out hope but held on. And then when it went back up to $330 things looked like they were picking up but all that momentum shot down the minute Bitcoin slipped on $10k.

ETH's got a lot of scalpers in the game. Really hard to overcome resistance.

I don't think alt season can start before the rise of ETH. Technically when the ETH run start, the dominance of BTC will decrease and this situation will trigger off other alt to rise. Which means bull run for alts.

That's what I am looking forward to happen one of these days, there's a bull run for alts. Somehow it's so hard to see it become possible now since eth price still remain so unpredictable, and slow to rise. BTC price has been dominating the entire cryptocurrency community, so don't worry if it's going to decrease because it could recover by itself. The important is we also have chance for other altcoins to increase eventually.

It's kind of weird how low ETH is vs BTC. I know a lot of the huge ETH rises in 2017 were due to ICO fever, but still, it's a great coin and should be much higher in BTC terms.
I do think ETH will start to rise at some point fairly soon, and it could kickstart the alt run that we've all been anticipating. ETH is one of the few alts that has the strength to pull the whole alt market up with it.

Ethereum for now has now really show strength in the market this year, apart from the early January run that we had, for me I think the price is too dependent on Bitcoin price movement and if BTC dump like most people are projecting, it is likely we see Ethereum goes to $160 range.

Whatever increase that I see some of these altcoins do have during bitcoin bull run, I usually don’t see it as a natural increase that will hold for too long because they all depend on bitcoin, and whatever affects bitcoin affects them all, so if you want to know the  hope of any of these coins, then you have to study and monitor the behavior of bitcoin first.

During the time that bitcoin was dominance and few alts in the market was following its price movement, that would have been an opportunity for you to trade them in a short term first pending the time you get a clear direction that bitcoin will be consolidating because it is when bitcoin goes on sideways that these coins do surge to the expectation you have of them. So keep waiting till their own season.