Ethereum may be nearing the end of a running flat correction , and ready to resume its bull run. It has stopped at the 100% level of its trend-based fib, with a higher low than its previous two lows.

NOTE – If this was an expanding flat, Ethereum wouldn’t begin its reversal until hitting at or even below $100. While this is possible, I think the running flat seems more likely.

Additionally, we can find confluence in:

– MACD , which has a strong bullish divergence from price
– RSI also has a weak bull div
– Stochastic RSI recently bottomed out looks like it strongly wants to go up.

Idea is invalidated if we close with a lower low on the daily chart , and then returning to 100 dollars starts to look more realistic.