That's a one minute chart of ETH.
After the flash crash last week, and the events that followed of GDAX closing, I assumed that once the exchange opened back up most would empty their accounts. I knew at least one guy that had just gotten into crypto, that Id been harpin on for over a month to get in on the upswing, he bailed. Its only natural for a new platform go through growing pains. Im a newb to this game too, being that I got in at the beginning of May, but at least I saw monumental profits.
I'm by no means a professional trader, or an investor, but I do ingest as much information as possible. One thing we have now, is history. In this game, we don't have much information in the form of charts to base future decisions off of, after the events of this past week, I think now we do.
One day chart of ETH
There's been strong support at the $300 range. Over the past 24 hours Ive watched it go $10 up, $10 down of $300. If the fees weren't so high on GDAX, one could make a full time income off playing the peaks and valley's.
The best advice I can give in the form of trading ETH, is keep your eye on what BTC is doing.
I rest my case.