ETH USD has been in a bearish channel since 14 January 2019. It is currently at the bottom of the channel, which gives a probable opportunity to enter the daily long position. Key support is $97-$101. A decisive break below the trend may send the price to the $62 range (unlikely at this time), a price break above this trend will send the price to the $131 range of resistance. Longer term channel may be referred to from my previous ETHUSD post (tradingview.com/chart/ETHUSD/GJHn8qA3-ETHUSD-Bearish-Downtrend/)
Bullish divergence and a clear SMII upwards will indicate opportunity to enter for a daily long position. Target on the long is the 100 EMA or roughly $112, with a SL around $97.
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This is only my perspective on a probable direction of the ETH price and for educational purposes. This is not advice on selling or buying ETH.
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