ETH rise currently at support, keep an eye on this level!

ETH has had a nice run up after the massive drop due to fear of a world recession. I went from 88 USD al the way up to 177 USD in just a month.

As we speak, ETH is dropping after printing a higher high the last few days. It touched the 0.236 fib level, and bounced back up for now. The 0.236 fib level has a nice confluence with the yellow trendline, following a series of high lows. If ETH can keep this support level, I'll go long with a target just below the previous high.

If ETH closed below the yellow trendline, I'll think about going short. Will update if that happens!

Stay safe!