#ETH - Can it break though to 238? Or Melt to 200?

It's a hard one at the momentum, huge drop in the market, could it be a dead cat bounce or a bullish reversal?

Currently, I feel it is too early to say but signs of a bullish momentum holding have to be realised on the higher timeframes.

Be careful in any moves in and around this region as rejections could lead to a big downside pull.