This overall downtrend has yet to be broken. The recent bullish push had some serious volume behind it and had the potential to break into an overall bullish trend but ran out of steam. Im expecting a slight bounce as we hit a support line but since the pitchfork was broken losses and tears seem to be coming :(.
I am a newbie so take my ideas with a grain of salt...
This small uptrend seems to be part of an overall downtrend. If ETH breaks out of pitchfork or resistance line it could be a good time to buy, however I am predicting the market to become bearish soon and confirm the resistance lines.
Im new to this so take my ideas with a grain of salt. Invest using your own ideas and strategies.
Im a beginner at this so take my idea with a grain of salt but assuming the pitchfork holds true, ETHUSD could bounce near it value seen on February 4th.