- ETH has been on a moon mission since bottoming out near $85
- We did have a steep pullback on Dec 24 back into support near the 61.8%FIB level and was upward on onward from there
- We do seem to be losing some momentum here, which was indicated initially by that bearish gravestone doji on Jan 5
- We continue to trade in this ascending triangle after wicking below it earlier this morning but any close below will see ETH drop down into support near $140-$130
- If that demand area breaks, we will most likely see $115-$110
- Bitfinex maintenance is underway so when they come back online, be wary of any manipulation in markets
- Next upside target is around $175