psalloum

Can ETH retrace a little lower?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Looking at the chart marked out, what we can see is that ETH is clearly trending in a bullish manner. Placing a fib on the last impulse we can see we have 2 blue zones of importance marked out that the price can potentially move down into for a further draw of liquidity. The 200 day moving average also lies within those zones that can potentially act as a level of support for the price.

I have also pointed out 2 highs marked by the black line that i would like to see broken in order to say we are back in a bullish momentum.