Eth is gonna need a lot of bull power. Looking at the daily you cant help but see anything but resistance. IMO it would have to push up above 1600 before it finds and real support. Currently on the daily its testing a downward trend that has been respected since April. Look at the weekly and you'll see its testing the previous ATH but as resistance. Gonna be a tough week for ETH.
Comment:
ETh finally sitting above the 1600 level. With Macd passing above the base level lets see if support will be enough for the bulls to push price to the 3500 level for the first stop.