What ETH needs for an uptrend

What ETH needs for an uptrend

After the recent big dip, many people are looking across the crypto market for signs of strength, to get in on a potential big wave up.

In my opinion the key thing we need to see before anything else is a higher low, and to see how the price action handles a dip at this point. Will price bounce off a new higher low with gusto? Will it create a higher low and consolidate? These are the questions we need to see answered before we can really judge the strength of ETH or the crypto market as a whole.

Ideally bulls would like to see a small dip, followed by a clear pivot and strong persistent positive price action to break through the swing high. This would be a very positive sign that we can drive up toward the next area of potential resistance and beyond.

Until then, this could still be considered a bounce or small correction in the scheme of a large downtrend. Don’t count your chicken before they hatch.