We haven't even broken the 0.23 retracement level from the ATH to the low. Once we break this level I can start to see a reason for bullish sentiment. Also keep in mind that the MS is still mixed as well, the last low was a lower low. Long term I am bullish for ETH but don't get caught up in the hype and zoom out.
Note
Now that we've reached the 0.236 the question becomes will we break out of accumulation or descend back into the pit of consolidation. Find out next time on Dragon Ball E
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.