BITFINEX:ETHUSD   Ethereum
Now we have the third touch of the daily upward trendline. There seems tremendous overhead resistance and tremendous support below. The volume we have seen in buying was accumulation and fixed price buying; nothing worthy of driving the price higher. The daily trend seems natural with respect to accumulation and resting before the next leg up. It is very difficult to get a read on ETH as you can pick any timeframe and make it fit your bullish or bearish narrative. I am a buyer under 220 as I think most people are. This is where the value is. The cycle is uncertain except for the weekly trend which is still bearish. Good luck! Give me a like if you enjoy my analysis.

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