The price action on ETH is showing signs of improvement. After bottoming out around 1800 or so price pushed above the 2K mark and is looking to hold.
Higher Low Forming?
Looking at the chart above you can see after holding that 1800 area price is now forming a higher low (highlighted) above 2K.
This would mark the first item to break the downward slide where we kept seeing lower highs and lower lows.
It is still early so I'll wait to see how it plays out but if there is any follow through on today's green candle and price pushes passed 2280, then the price action has gone from negative to atleast neutral.
In that scenario then the 2600 and 2900 levels would be the next upside targets.
I may have to unwind my small short now that price action doesn't look so bad anymore.