#Ethereum reached my minimum bounce target at ~2600 level ✅

#Ethereum went down under developing M20SMA again. Another long buy tail and close above. But tail with volume is good. But low volume on the bounce means that buyers didn't sell nor they didn't buy more, so waiting for another dip. In bullish scenario that dip should revisit buy tail - I'd say most probably 2400-2420 area.



For moderately bearish bounce target I'd mark ~2600 level (you can see on week chart it ain't that far - just around the middle of this week candle). That is a crucial level dividing $ETH future between recovery and dump lower under 2300.

For bullish targets we can mark out 2920-2950 (middle of week gap). But frankly, I wouldn't think about that high before we see #ETH finding acceptance above 2600. Before that its just a daylight dreaming.