The price of Ethereum has won 5.44% in the last 24 hours after having touched the support area in $ 506 and then it is recovering strongly just behind the Bitcoin that has also recovered ground today. The pair broke the bearish trend line and has been moving at $ 556 at this time and apparently seems to consolidate near the 100-EMA and above R1. If the pair corrects down to R1 there may be a bounce there while its consolidation ends, on the other side, if it breakouts R1 it could down looking for the central pivot point. The RSI is in the overbought area, the Stochastic also overbought above 80.