What goes up too quickly must come down. Even if only temporarily. Worst case is it remains consistent for a little while. I think the trade volume on the up trends gives that away.
Trade geschlossen: Stop wurde erreicht:
Trade geschlossen: Ziel wurde erreicht:
I switched my trend line from a 77day MA to a 14 day MA for this updated chart. Ethereum definitely hit the consolidation channel I was preparing for and has shown crazy support for the $250-$260 floor over the last 21 days, regardless of the behavior of the market. I'm glad I sold at a huge majority of my ETH at $320. With the charts looking this stable, I recommend looking to reliable information sources for further predictions on Ethereums future price.