On 3 hour chart, drew 2 Fibonacci retracements. A larger scale for the bottom at 138, and a smaller scale for our most recent up. The shorter scale has broken 50% and 61.8% both, and now is testing 61.8 support turned resistance.
On larger scale, 50% broke, but ETH now remains above. We must watch closesly. If ETH bounces from 200 level, might be good opportunity to buy. However, if it drops past this level, look for it to test the 180s, before dropping lower.
On larger scale, 50% broke, but ETH now remains above. We must watch closesly. If ETH bounces from 200 level, might be good opportunity to buy. However, if it drops past this level, look for it to test the 180s, before dropping lower.