Ethereum short term, it won't matter on the long run

1- For the short term the price might go up to 535-540. Afterwards it might retest the long time support. This time it will target the 430-400 levels. (we can have a turnaround on these levels)
2- If the support is broken, the price will head towards the 370-360 levels. If those supports holds, it will create a double bottom formation which is ideal.

I am not a financial adviser. This is just my opinion.

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I would say this is spot on