& consolidation zone that was broken back in May. Momentum looking to slow down, looking at the smaller timeframes for potential reversals.
Daily "Pattern": Descending wedge
looks to have found support @ $175, momentum building up, expecting a breakout with a daily close above $200. Trend being respected
Weekly "Trend": Major downtrend shown, price formed a higher high at $300 from our previous lower high @ $240. $ETH now looking support to from a possible higher low. Fibonacci 87% retracement looking to be tested, a reversal here could snap ether like a rubber band to $500. Price currently testing our