Ethereum: support & resistance level to look at

Eth has bounced from daily MA100 and is trading above.

Bullish case: If market keeps tradng above daily MA100, we can expect to break upwards the upper channel of the wedge, which we have fail to break until now.

Bearish case: If market goes below daily MA100, new support levels to look at would be:

- 0,618 fib retracement ( 725s usd)
- double bottom ( 565s usd)
and 425 usd

Comment:

As mention above, Market is continuing to consolidate above daily MA100.

we can add to our long positions

Comment:

eth keeps consolidating above daily MA100

Comment:

MARKET hits first support at 0,618 fib retracement