In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in.
The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below that level and first targets will be $2850.