ETH - Double Bottom

After our most recent drop, ETH has double bottomed around $1,080 in the short term. This looks good as our RSI on the 4H and daily have also formed a bullish divergence. Lower low in price (or same price) Higher low on RSI (green trend line). A daily candle close below $1,080 would negate this double bottom. If this happens the next major level to be watching is the psychological $1k level.

ETH - Double Bottom
ETH - Double Bottom Ethereum / TetherUS BINANCE:ETHUSDT VIAQUANT After our most recent drop, ETH has double bottomed around $1,080 in the short term. This looks good as our RSI on the 4H and daily have also formed a bullish divergence . Lower low in price (or same price) Higher low on RSI (green trend line ). A daily candle close below $1,080 would negate this double bottom . If this happens the next major level to be watching is the psychological $1k level.