It bounced back from $1000 level yesterday, Jan. 27.
Our view is still on Ethereum . The which has offered strong support since Dec. 10 is still holding the price. Additionally, Ethereum is trading above 20-day and 50-day . All of these areas are acting as strong support.
If Ethereum manages to break out of $1285 level which is 78 percent levels of the recent fall from $1414 to $748, we expect a move to test out all-time high again.
On other hands, any dips will find support from the . And again Ethereum will turn negative only on break down of the and 50-day respectively.