Although I have not yet invested in Ethereum, I am planning to jump in this range as long as more confirmations of reversal happening.
There is a chance next level of support could be tested. Personally, I think it all depends on how well Bitcoin does.
Time range should be pretty close.. I've done a similar analysis for LTCUSD and the time range falls within the same area. It is calculated as double of the previous trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.