ETHEREUM See's 4th 4-HR Bull Bar On Heavy Volume!!! -- Best Set-Up We've Seen Since April!!!

The last 16 hours have been looking great so far! We're on the 4th bull bar on the 4-hr chart. We know that ETH has been hit so hard lately and a strong bounce was inevitable. The move is coming off of support at $167.

Bitcoin and other cryptos are looking at the same chart set up as well, however ETH is the stronger-looking name now due to the heavily hit and oversold conditions lately.

If we go back and look at the charts, we haven't seen a 4-hr bull move this strong with this much volume since April.

Zooming in on the hourly, we can see we have hit some resistance so far at $193. We are currently looking at inside bar on the hourly, but I'm not worried that it will stop. The bull volumes on the hourly have bene strong as well, and we just saw the largest bull hourly volume since 13 August!

Overall, I'm thinking this is a great set-up. We have the follow through and confirmation that we were hoping to see. Additionally, all technical indicators are tipping favoring bull movement.

Bottom support is at $170 which is what we expected. The charts showed $177, so this might be the next support to the downside. I'd love to see a break of $193 soon!