As Bitcoin and Ethereum continue to fall into key areas of support, price action is bouncing in a descending wedge which usually shows the trend is about to reverse and move towards the upside again. 1260 is a strong support level for Ethereum as initially it was strong resistance point back in January when we tested this level three times before managing to breakout. Ethereum is known to lag behind Bitcoin often times as currently we would need to see a reduction in Bitcoin Market Cap Dominance to see a potential pump in Ethereum and other major Altcoins. The MACD indicator has seem to have found support and potentially creating a double bottom whilst the RSI Indicator seems to have created higher lows which is a bullish signal while Ethereum continues to make lower highs. For a more safe confirmation to enter a long position a 4 hour candle would need to close above the target level dotted in purple, this is where the buyers had failed to prevent the continuing downtrend. Reaching this target would also have a crossover on the 20 and 50 EMA lines providing further confirmation as average price is returning to an uptrend. If Bitcoin continues to drop and find support at 40k we could see Ethereum briefly drop outside of the descending wedge pattern before returning, however many institutional inventors are holding the price up. With the recent Announcement of Ethereum's Berlin Fork upgrade coming in April, changing it's current operation to proof of stake will improve the fundamentals for Ethereum's future transactions as long as it goes smoothly with no issues which will help it continue to compete with rising altcoins.