ETHUSD had a nice run from my last analysis, hit target at $500, then fell back to fib 0.5 from last run up. It is trading just above support at $400. Any close under this level would take us back to trendline at $340. That support is strong one as it is running basically over the whole year. Weekly and daily charts are still looking nice and bullish, trend is solid. On shorter time frame (1H) MACD is negative, RSI just under 50, which shows some negative sentiment, but its picking up in last 24h. Testing lower support zone would not change long term picture, but would only prove healthy grow of this coin. My target for Ethereum is still $600.

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