ETH bottom at 120$ ??

Hi,

Ethereum made a pretty spectacular recovery yesterday. It went from 117$ to 134$ in a matter of hours.
As you can see in the graph it bounced off the long term support (green line)

However volume is still pretty low, MACD is still in the bearish zone. RSI is in the oversold zone but there is still room for more damage.
this being said we all know how quickly these markets can change course.

If the price cannot hold the green line it will descend to the yellow line (between 90$ and 100$)

In any case, the price should recover to 160$ in little to no time.

What are your opinions, guys ????

like and comment

thanks