ETH is still bullish, but one should be cautious

Now might be a good time to start laddering in till about $200 where the golden ratio lies. However, if the price continues to decline it may be wise to abandon altogether. If one prefers to play it safe, it may be better to wait for the dust to settle first.

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Lower part of the triangle acting as resistance.

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Edit: *Support not resistance. If someone knows if comments can be edited in future please let me know. Otherwise I will simply correct them like this.