$ETH is still above its $3700 line, having dropped below it twice now and recovered both times instantly.
So the market is aware of the significance of this line and this is why we have a battle going on at the $3700 level.
Both options are still open here, failure to hold this important level and we are looking at the white fib levels for support from a pull back and I will consider adding below $3350
Holding above $3700 and we could see a year end rally up to the ATH line at $4862.
RSI on the daily has dropped down to 55 now, so there is plenty of room to run to the ATH level.