ETH: light at the end of the tunnel?

COINBASE:ETHEUR   Ethereum / Euro
92 0
It's difficult to be optimistic after such a wild ride down; this was insane! But there are indications that we'll see some recovery coming up. Many coins are showing bullish divergence between the last two dips (2nd and 6th of Feb) and trade volumes were huge on both. So that could mean that we've reached the demand zone . Bullish divergence indicates sellers exhaustion. ETH doesn't show the same divergence, but still we might be seeing bottom formation. Anyway, not really much of an idea to share right now, other than some possible trend channels (blue and red). And upward break from the blue channel would be a great start, although the 663 level might prove tough (pretty much near the 800 dollar level). Once ETH passes that falling red line up there, that is when things will look really bright! But that might be a while.
Comment: The downtrend from last two weeks has been broken. Still stuck under the main downtrend though. It seems 663 has been properly passed though, so there is room to go up to say 800 euros (depending on when the main downtrend will be reached)
Comment: Freedom!
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