Ether is looking like it could go both ways (meow). If we close a daily and break the box of support, I would bet ether makes its way down to the red horizontal line, a new low, which would be the bottom. On the contrary, if this box acts as support, and we can get out of this downwards trending channel, I expect the ignition of the rocket to start and ether ripping to new ATH. In the past I have posted the bearish scenario which can be supported by the 3 day chart RSI resistance (see my previous work). I just cannot ignore the volume we got when we got our bounce (circled in yellow). This was serious volume. The large fractal nature of this cycle cant be ignored as well. We look like we are repeating the previous cycle and that places us in the bullish scenario as well. I think the more likely scenario is the bullish one. Best of luck. Even to the filthy slimeballs out there.
