ETH dead cat bounce

Ethereum dumped by almost 10% and bounced. IF you take a look at week timeframe, you will see that ETH never ended its downtrend. Just keep on falling and falling and falling. The only bullish moment it has, is that now price is near historical all time low with falling volume, which could be a sign for potential reversal, but certainly not a confirmation of it. And without confirmation better stay away from that coin.


If price will fall below 171 once again, ETH is dead. IF bounce above 173, there is a chance it will bounce to 179. Just monitoring it.