$ETH $ETH.X - Ethereum - Daily Look

BITTREX:ETHBTC   Ethereum / Bitcoin
Ethereum has been trending its way down as have most coins in the market, though it has fallen into an oversold position in a zone of support which is a decent sign we may see a reversal in the next 24-48 hours. The volume profile is near the bottom, another possible indicator of a reversal and we are accumulating at the end of a symmetrical triangle. The bollinger bands are squeezing which could lead to breakout conditions in the near future. Less heavy selling happens, i hope for a positive breakout in the near future.
Don’t cry for ETH, Argentina...
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