ETH had plenty of opportunities to retest its recent lows as there is nothing from the TA perspective preventing it to do so. Instead ETH has built quite a base @ $186 level and on the backdrop of the looming end of BTC saga, it looks like it intends to challenge resistance of the 34(yellow) and 89 (brown) daily WMAs. Once ETH closes above $210 on the daily basis it will be met by strong resistance of the daily 89 WMA (brown) @$225-235 levels. However, the daily volatility implies that ETH is well capable to reach $247. Closing above this level on the daily basis will open up targets @$330-345
If however ETH eventually loses its newly built base and closes on any of its trading days below $186 the drop should be contained by the 34 weeks WMA (white dotted) @ $150
https://www.mql5.com/en/charts/7422171/ethusd-d1-fxopen-investments-inc
