Now we have the third touch of the daily upward trendline
. There seems tremendous overhead resistance and tremendous support below. The volume
we have seen in buying was accumulation and fixed price buying; nothing worthy of driving the price higher. The daily trend seems natural with respect to accumulation and resting before the next leg up. It is very difficult to get a read on ETH as you can pick any timeframe and make it fit your bullish
narrative. I am a buyer under 220 as I think most people are. This is where the value is. The cycle is uncertain except for the weekly trend which is still bearish
. Good luck! Give me a like if you enjoy my analysis.