Hi, as i described inthe past ETH bounced at the support/resistance line 2 in blue witch you can see in on the 1-day chart and moved to the support/resistance line 1. Here we see a second bear-flag forming in ETH witch could break to the downside, as expected.
My target for the bear-flag is around the 290-350 level witch would be of course a good buy opportunity to enter a long position.
We could have support at 400! Lets see how this plays out.