Hey guys,

I hope all of you are doing well.

As of my previous articles I mentioned a while back ago that Ethereum could reach 2400 dollars in the recent move up.

And we did.

As of two days ago, the market experienced a flash crash that liquidated many long positions causing a very sharp 4% drop.

Ethereum reached the 2150 level as of yesterday. which is an important support. 

We have bounced off of that level pretty strongly showing that the support still holds.

Now it is possible that we break below that level, as we seem to be losing momentum from the recent bounce.

However do not be alarmed, a correction is absolutely normal after such a price jump we have seen. 

And if anything is it crucial to have some sort of a correction now rather than later, it is much more sustainable.

For now; we look bullish in the longterm, so everyone relax ;)