Do your own research and this is not any form of financial or trading advice. In fact, Don’t believe a word I am saying here! I am simply sharing my point of view and my thought process.
If ETHUSD starts going back up then potential areas of concerns are price point 174 and 190 based on Fibonacci 0.618 number.
The 174 (magenta line) is 0.618 Fibonacci number from recent high of 199 (purple arrow).
The 190 (blue line) is 0.618 Fibonacci number from previous high of 225 (purple & blue arrows).
If ETHUSD starts going back up then potential areas of concerns are price point 174 and 190 based on Fibonacci 0.618 number.
The 174 (magenta line) is 0.618 Fibonacci number from recent high of 199 (purple arrow).
The 190 (blue line) is 0.618 Fibonacci number from previous high of 225 (purple & blue arrows).