ETH - Bottom Might Be Close

COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETH broke back inside the downtrend channel earlier this morning, which opened the field for the price to plunge all day. As expected, ETH is dropping toward the green line which should serve as a very hard support level . Hopefully the prices will reverse after bouncing off the green line. The greater the price bounces off the green line, the more likely the reversal will take place. If this takes place, keep a close eye on the next 4 hrs for confirmation of the reversal. Look out for an additional update when the prices reach the support line.
I see the same solid support, however the markets may continue to decline until the SEC and CFTC have finalized regulations in place.
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