Daily MACD – The MACD has steadily declined over the last few days but is reaching oversold conditions.
Major Support Level – This morning the $200 level seemed to catch a good bounce. However, the real test is holding above $188. You can see that as being the really long term trend line below.
Major Resistance Level – I’m starting to load up a little at a time in Eth. It may not prove to be right but I think price is cheap here. I’m looking for a larger up move soon once all the selling overheats.