$ETH $ETHUSD Snap above $300+
Weekly "Trend": Major downtrend shown, price formed a higher high at $300 from our previous lower high @ $240.
ETH now looking support to from a possible higher low. Fibonacci 87% retracement looking to be tested, a reversal here could snap ether like a rubber band to $500. Price currently testing our trendline & consolidation zone that was broken back in May. Momentum looking to slow down, looking at the smaller timeframes for potential reversals. Daily "Pattern": Descending wedge looks to have found support @ $175, momentum building up, expecting a breakout with a daily close above $200. Trend being respected
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