ETH |Technical Analysis| 1HR

ETH recently rejected the 4H support level for the third time, as you can see it has also broken the downward trend line and is beginning to shows signs of a reversal by giving us higher highs. All that is left to confirm this entry is a break + retest of 4.08 R level. As we approach this area we will monitor price action using the 1H time frame, if we are shown bullish price action we will long it with a nice 1 : 2.5 R.