Ethereum Finding Support To Test Resistance Up At $384

A climb back to $360 would show a breakout of the past few days of price action and the mid point retracement of September 5 down candle.

Traders would look for intra-day scalping opportunities from $360 up to $380, a 6% move.

From there we can expect another minor sell-off as traders take profits and test market sentiment.

A move above that $380 level any time soon would be a very bullish sign.

As it stands right now, price is finding support above the 1-day Ichimoku Cloud (using crypto settings). MACD histogram has also turned up showing upwards change of momentum.

Team Sparkster is cautiously long on Eth right now.

A drop to $320 would be quite bearish for near-term, suggesting a longer consolidation range between $290 and $380.

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