Is ETH setting up for a bull run?
On the daily chart ETH has had excellent support at the $317-$318 level, we have tested this level a few times and have got a good bounce upwards each time. After a 2 rejections from the $390 level we got sent all the way back down to the support level for another bounce up. Over the last couple of days ETH is trying to recover the gains it lost and looks to be heading for another test of the $390 level, we also have another strong resistance level above us at the $376 level. On the daily the MACD looks like its just about to cross over and flash a buy signal. Is this the beginning of a nice ETH uptrend or are we going to get rejected again and plummet through support?
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