ETH looks like it's ready to retest 200/195. The next 12 hours will be crucial. It seems to have already chosen a direction (lower), although it wouldn't take much to trigger another bull run.
If I had to bet, I'd say some of those buyers that FOMO'ed in on that fast run-up will be exiting soon, and other buyers will just watch for lower prices rather than buying it up instantly.
So...I speculate ETH will dump to $182-ish if $195/200 doesn't hold. I'm more inclined to sit and wait for a washout and lower prices. Also Fear and Greed index is back to neutral (50) from 15 or 20, so I think there's a bit too much greed here. Good luck ppl!
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We bounced from that fib level around $198 but I think the real obstacle will be the trendline resistance.