$ETH Altcoins need to rise,
and it depends on the king of altcoins!
Ethereum quietly stands above the 120-day line,
and many cryptocurrencies are also starting to touch the 120-day line!
So what does it mean to stabilize above the 120-day line?
The 120-day line is a medium to long-term moving average,
when the price stabilizes above it,
it could mean that the coin price is turning from a decline,
or a fluctuating trend into an upward trend,
indicating strong bullish momentum.
The 120-day line can serve as a support level during future price corrections,
if the price bounces back after touching this line and rises again,
it will further validate the effectiveness of the support.
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The above content only represents personal views and does not constitute any investment advice!