Looing for a major move for ethereum. Bollinger bands are tight on higher timeframes. Moving averages have been stacked. Its trading sideways around the EMA50 for 2 months.
I see three scenarios:
Bearish red channel, guess it would be only possible with new bad news, this would be a heavy capitulation with blood in the steets.
Sideways in purple triangle, dont really believe in this
Break out up and tripple top. Must break out up 0.023 and make a new high, guess its the most likely scenario for now.
fundamentals will be important, what will happen on devcon2? Is ethereum classic the real eth? Are new projects in pipeline? Is golem really the uber for computers?
Based on my analysis it should go up but unfortunately attacks keeping the price down. So with the ongoing attacks and patches it's hard to make a guess for short term price movements based on technical analysis.