This chart is pretty simple. At these price levels, we are hitting the log trendline from Dec '16 when ETH was around $6. I expect MASSIVE support here.
This line began a year ago before the crypto boom. We saw a huge bounce at this line last month, and we're at it again today. Let's see how this plays out! I also drew a log line from Aug '15 to give perspective on where the next log support is. I think it would take a major catastrophe before this lower line is tested.
I'm new to the site! Just testing out the indicators and publishing an idea I think is strong right now.