ETH to $112 ?? Maybe.

Just looking at the chart and the short term trading range is tightening with lower highs. If there is no buying pressure it will lead to a drop and that potential drop would be near the lower resistance line (green line). With a bit of buying pressure, we could see the price rise. I have opened my long and short position and will close either one when I see the movement.

Thanks for reading the heavily technical analysis' I publish consistently. ;)

Comment:

Closed my long position and still holding my short.