ETH is going to choice its way between #1, #2, #3 and #4 in its up trend. 388$ is working as strong strength point. In my opinion it will choice #3. Because indicators already become balloon they must become normal levels before healthy go up. No need open position until see test of support lines or before broken 388$ strength.
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ETH choice #4 way. It will move as horizantol trend as 316-346 for a while until indicators become normal ranges.