During bull markets cryptos target the .786 rather than .618 for pullbacks. In this case on eth it maps to the big round number $250.
I have all my long term positions built so this will not be an area for large trades for me but I will be watching it for intraday scalps from the low of the day to the top of the day.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.