ETH Potential Bullish Trend ReversalETH lightly bounced on 291€ support level which seems holding. The next level of support after this one would be 240€ level, below that it doesn't smell good. The downtrend line ('vertical' blue line) of the correction is strong and haven't been crossed yet. The Long term trend line ('horizontal' blue line) have been crossed but price didn't break support line (291€) combined to the support of the continuity of the upline from the big triangle pattern of previous consolidation (May - November 2017). IF price crosses-right correction downtrend line and crosses-up the Long Term trend line then market will go back into bullish trend and we can see a strong bullish reversal. For that price would need to break the 330€ and 350€ resistance. That would make good buy signals.
At these low levels, the price is interesting for investors, correction has been tough, and no one is speaking about 'bubble' anymore.
That might creates a regain of interest for current and new investors as well as potential big institutional investors (see recent news).
Given the immaturity of market and subjacent new technology of blockchain, I consider this could be the bottom of the correction and the beginning of a new mid-term bull trend. Let's market show what's next.
