- Ethereum has held up well so far holding that $205 level all weekend
- This support OB remains a very strong level
- ETH has been riding the EMA for a few days now acting as support but a break and close below would be very bearish
- If this does happen, we will most likely see a test of the demand zone below possibly hitting sub-200 again
- This level would need to hold or we could very well see another run at yearly lows
- For bulls, a break above the supply zone would signal a very bullish push back up to $250
Thanks guys!