Ethereum started to consolidate and correct after a bear break from consolidation saw an almost touch and go from the $1,207 level. The pullback began earlier this morning and we're seeing bulls show up to buy the dip.
If prices can break the current level and pass at least the $1,322 level, we can see more upside. If not, a large amount of bear pressure will return.
We're already seeing higher highs so as long as a pullback maintaining higher lows is found, we'll definitely see more upsides.
Resistance will definitely be found at the $1,322 level.
Bitcoin seems to be in the process of trying to reverse as well. We will see what happens!
Happy trading!!!