I think ETH can push above from here and can test $198-$200 levels before little correction towards downside, as per bullish count. If ETH goes down testing earlier majour supports again, this level which ETH is trying to reach can be a perfect short position. Let's see how this idea develops. I'm short term Bullish on ETH.
Majority of weak (media followed/Twitter based folks influenced) hands are flushed and more people anticipating for more & more downside is an indication of bottom.
Weekly chart makes it all clear. Massive WEEKLY Bullish hidden Divergence visible in RSI/MACD
Selling pressure is exhausted & not much of any interest there in dumping.
Indicators showing the upwards...