ETHEREUM Inside Daily Bars Giving Way To Further Consolidation -- Oversold Conditions Could See A Bear Break

This is now going on the third day seeing inside bars for further consolidation. We actually haven't seen the volume patterns like typically seen on consolidation, so this is a bit different of a scenario.

The $510 level is showing a lot of support with the lower handles of the candles just dipping below before bulls suck up prices at this level. $500 psychological is a huge support as well. However, if we see a break and close below these levels, we know that the pullback isn't over.

Despite nice looking chart conditions on the 4-hr chart, there's still a potential for us to see a lower low with a higher low RSI. As I always mention, this price convergence with RSI is a good scenario that leads to reverses in either direction.

Keep being patient and holding tight!