The large wick on the 1W chart touched the .786 and rebounded towards the .5 Fibonacci. Purchases between 2600-2200 likely. selling at 3800 last week to secure profits and purchasing from 3600-2200 in 1/3rd purchases netted 16.8% more Ethereum.
RSI: Reset from 86 to 62, which isbelow the oversold barrier of 70 on the weekly.
Volume will be big this week due to sell off. If trend maintains, closing this monthly candle above 2775 will yield another green monthly candle.
