ETH/BTC update: http://prntscr.com/j4j6pf
As you can see, ETH is testing very strong resistance area established by 2 fibo levels ( 0.618 smaller one and also 0.618 bigger one ) and EMA 55 ( yellow EMA on chart )!
My personal opinion that ETH has to reach 0.786 fibonacci level to start new cycle!
So, it means that I expect to see ETH in area between 0.045-0.05BTC in April or in first week of May!
FA is not good for ETH too! There are more and more scam ICOs that is being launched every single day not only on ETH blockchain but on other ones too!
But, ETH is biggest one so it has biggest impact too!
Also, we are expecting to see switch from Proof of Work to Proof of Stake in 2018 from ETH community so it could be good update but only after this thing is done! So, buying ETH now is not the best decision! I would rather wait for safe entry around 0.786 fib level!
This is year of develpment update for ETH so I do not expect big spikes up from ETH! Also, switching from Proof of Work to Proof of Stake will be process that will take almost 10 months! Whole process is explained in our paid group so you have to be part of it to know how it is going to happen 😜
Long story short, it will take time and in meantime I am not expecting big spikes because investors will wait for this thing to be done to start investing! Yeah, we will have deman for ETH because of staking option but I think that it wont be enough to create overall demand and I think overall trend will be neutral ( ETH will be at the same price area for a longer time ) or bearish ( ETH will have negative momentum so I do not mean by this that ETH will reach zero but I think it will be very slow and overall momentum of that slow move will be negative )
I hope you got enough info about ETH to form your own opinion! 😊
Tomorrow we are going to share with you detail update about another coin!
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