ETH is interesting right. Some indicators of a possible bounce zone here are:
1) Confluence of support
2) (kinda) Bullish divergence
3) Recent golden cross on the daily
4) Volume and RSI looking good
I think if the first support line (dark red line) holds then it may have some more decent upward movement. If it doesn't, it may end up between the .618-.786 FIBs and/or the second dark red support line.
1) Confluence of support
2) (kinda) Bullish divergence
3) Recent golden cross on the daily
4) Volume and RSI looking good
I think if the first support line (dark red line) holds then it may have some more decent upward movement. If it doesn't, it may end up between the .618-.786 FIBs and/or the second dark red support line.