The macro sense
Hi all. Today I wanted to take a look at ETH in the macro sense and also some support and resistance lines. This can give us a sense of where we can expect to go. However,it shouldn’t be taken to necessarily show which direction. So let’s get started. First if we zoom out from the big low in July in the low $1700s all the way up to the most recent ATH we can see some key support and resistance develop. 
The bottom
You can see ETH came all the way down to the 0.786 at $2928. After that it had a relief bounce back up to a little bit over the .5 but it just couldn’t hold it. It looks like we are coming back down to retest the .786 at $2928. Here’s where the unknown comes into play. I’m feeling like despite all the FUD out in the world currently, things are overall bullish for ETH. I’m looking for a retest at 2928 then to push on up. If we can break the .382 at $3670 and hold above that, then that will confirm to me we have invalidated the down trend and can resume the next leg of the bull run. But hey I’m just a shmuck this is not financial advice.
Bearly moving
on the down side,if we can’t hold,then it’s gonna get ugly lol. If it breaks the .786,it’s just gonna come down to $2398 then barring a reversal there, expect it do get down and dirty at 1724. On the bright side,that’s a great buying opportunity. Thanks for reading!!
