Just like Bitcoin ETH also went to touch the down moving trend line and reversed from there. Looks like important level to watch now is 720 level. Its 61% fib of the up move and this is where it can make a Higher Low and move up. If 720 level holds then I expect it to move up and break the down moving trend line.
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NOTE: I am not a financial adviser and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.