ETH: CLOSE TO BREAKDOWN OR BOUNCE BACK?

A quick update on ETH in 3 hours timeframe. ETH is at the bottom support level. A bounce back is expected with a rally close to $1350 (6.5%). Breakdown and close below $1266 may drop the price towards $1222.

Note: This chart is in a shorter timeframe so do not consider this as a long-term trade setup.

What's your idea on ETH's recent scenario? Let me know in the comments.