ETHUSD may be reversing at the bottom of the correctional move before starting the next leg in the direction of the uptrend.

Sentiment remains soft in relation to speculative assets, including ETH and BTC

Ether had displayed better momentum that Bitcoin so far, so it may accelerate moving up with $3100 as a potential price target (200-day moving average).

Always DYOR and manage your risk!
Chart PatternsTrend Analysis

Penafian