I see a strong push off of 2.20 with momentum to retest 3.30 range. Expect a tap, small pull back, then break up. I see some support forming at 2.50, but don’t see enough to live above 3.30. Hold or take some profit on the break.
Looks like we are still in a 1 impulse wave. I expect a steady progression towards resistance with broader market volatility presenting the greatest risk. I'm long Ethereum, but expect more profit taking at this stage until a clearer understanding of stimulus and monetary policy is known. Recommend Hold/ wait for buying opportunity.