Over the past two weeks, ETH has seen significant gains. ETH was a major loser during the November > January sell-off, while ETH is now outperforming most other cryptocurrencies.

Seeing the current price action, I'm pretty sure the bottom has come in for Ether. The only thing we need to confirm my idea is a daily close above $2930 and ideally above $3000. This indicates that we have regained an important resistance area on the way up.

The first target was set at $3,400.

Happy trading

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