The time has arrived to put our bullish theory to the test in Ethereum.

188 is the location of previous horizontal support from both August and September. 188 is the 62% retracement of the recent down up move. So, that is critical support. We also see stochastics as very oversold on a 4-hour bar chart.

Bottom Line: This is where dip buyers in ETHUSD should be active. If you can't buy a sharp dip like this and have it turn higher, then our thesis is wrong.

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