Current state of ETH/USD

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETH/USD has tested this level ($150-$200) in the past many times and is doing so again. I feel this area is a buying opportunity and it's only a matter of time until Crypto has another bull run. This long downtrend was to be expected and shouldn't be a surprise. Like any other market, price has to come back down and reset technical indicators and support levels as re-tests; it happens all the time in all markets and this is no different.

Price needs to break back above $400 to confirm trend change.

I can't see any reason why this long-term support level should break. I am strongly bullish on Crypto and my target in the next bull run for ETH/USD is $4000.


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