there might be some normal reaction to this, but in general this looks healthy for eth. If the momentum stays like this, we wil see 22xx maybe even 24xx in the next couple of days.
Looking for a strong leg up, maybe some consolidation first. If the bottom breaks, 1650 will be tested.
At least thats the pattern I'm looking for. Lets see what the market does, before entering a position.
Make no mistake, after hitting about ~0.020 and staying there for a day or two, I expect a drop to test the bottom again. It depends how deep it goes and how fast it recovers before we can break the bearish sentiment on Ethereum. If the bottom breaks - still bear time.
rest of the market confirms. bad fundamentals everywhere... bad earnings..
A bullish channel... currently about in the middle of it, might take a hit, cause of strong USD, if oil drops, but it looks like a good buy.
DXY rising, gold dropping, oil dropping.