Ethereum Daily Analysis
Ethereum seems to have made a daily bull flag. Of Course after it breaks upwards from this flag, Ethereum might reach new local highs. In the mean time it has met yearly dagonal resistance. This makes it likely for Ethereum to retest the 230$ support zone (green).
It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon. This indicates that the daily bullish trend is still intact and we should expect new local highs with it.
The target for the breakout of the bullflag is 275$. IF Ethereum does meet this level, it will likely continue upwards to the 280$ level where it meets heavy resistance. We should also keep in mind that the 250$ level is also heavy resistance.
It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon. This indicates that the daily bullish trend is still intact and we should expect new local highs with it.
The target for the breakout of the bullflag is 275$. IF Ethereum does meet this level, it will likely continue upwards to the 280$ level where it meets heavy resistance. We should also keep in mind that the 250$ level is also heavy resistance.
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