Good evening, ETH is touching the dotted dynamic blu
line passing through A, B, C, D points marked in red. I draw dotted vertical line on points C and D where Macd
could make a double bottom
. If this happens and 200 period MA keep the price we could rise and current price becomes an important bottom where ETH can rebound consistently. Below this price, ETH could test the bottom of the pink channel (area 420 usd).
"A picture is worth a thousand words"