ETH on the 1H and the 0.236 Fib level

Could be a retest. Could be a fakeout. Could be the start of a move down.

RSI and MACD are both dropping.
SMA < MLR < BB Center confirms a downtrend.
50MA is sitting below the Fib level.
200MA is far below at $3,400, but rising quickly.

If tonight’s candles start closing under the Fib level, the warning gets louder.
If not, more upside remains likely.

Always take profits and manage risk.
Interaction is welcome.