Ethereum could see some short term gains following the bounce off the support at 229 - 224. The trend line break also suggests that near term rally will retest the resistance level at 295. A reversal off 295 will signal a move to 229 - 224 support and possibly to 206 - 198. A bullish close back above the trend line & resistance at 295 will signal further continuation towards 360 at the very least.
Trade closed: target reached:
295 reached.