Ethereum – Key Level

As the major stock indices bounce on their respective 200day SMA’s (albeit not very convincingly) recent price action in Ethereum caught my attention.  If bulls are to make a stand it must be right here.  Battling the most recent, and steep, downtrend line while fighting to maintain long-term support at $410-$415, if this level is lost things could cascade downward very fast.  Keep an eye on a break of $430 to the upside.