Ethereum
Short

Pull Back Over? Cautionary Downside

190
Wow did we see a blowout to the downside the past 24 hours on the 5 min, 1hr, 4 hr bars after testing 61% retracement from the lows. If we fail to hold the $917 ish on the daily bar, we are breaking the bottom support of the cloud and risk a cascade downward. However, there is massive support at the $880 ish level prior to that. Breaking that could provoke more downward momentum. Bouncing off the $917ish we can see a crawl back up to test the $970's and maybe test the psychological 1000.

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