ETH is in a similar situation as BTC, inside a small descending wedge , at least it is forming, rejected from DO at 1333, RSI in oversold area from 15 M to 1 H , technically as BTC can move up now or may continue to move inside the wedge down to other support area; for me in this moment is a no trading zone as i do not really see any real opportunity, I would try to buy a bounce off support on the 1250-1275 area , if it gets there up to neckline and DO 1311-1330 ; at the moment i do not see other opportunity, will wait an see if the price developed inside the wedge or if moves in another direction prior to enter a trade
Comment:
moving down inside the channel lets see if it goes down to the local low
Comment:
we had a bounce exactly on the lower boarder of the wedge back to the upper, i was late and not entered the long trade, will see if we get another pull back