During the last couple of months Ethereum was undergoing correction towards its long-term trend. That rebound can very well be considered finished.

Volition the up trend continue?

There was no turn in the long-term scope. Ethereum's price has failed to break through a number of key long-term resistances, which would allow it to form a turn. Thus, the movement has come up to a halt at the next central level.

ETH/USD price chart 1

Such moments are beneficial for short-term deals along the master trend; for Ethereum's toll to resume moving along its long-term growth trend, the current correction has to end.

This rebound volition go on as long as the bears agree their advantage at key levels which are profitable for them. The balance of ability has to shift then the upward movement will become probable to go on. The level of $ten is the cost of the latest downward rebound and a critical betoken, where the tendency is most likely to change. If the bears still hold the reward, Ethereum'south price will bounce off the level of $ten and is then likely to fall over again down to $7, forming a flat in the procedure.

If, yet,  the price fortifies at that level, it will be the first signal of the coming upward trend. The second significant potential indicator would be the germination of a plough. With weather condition like that, the up trend volition exist likely to resume moving towards the next target of $14. The potential of that tendency would and so be able to be judged upon by the construction of the following upward movement.

ETH/USD price chart 2

The continuation of the upwards tendency depends on the structure of the toll at the level of $ten. If the necessary conditions manifest, the upwardly trend will go along.