After a slight moment above the 200 EMA a week ago $ETH , the price failed to maintain that area and since then we have been basically moving lower and lower, eventually breaking the breakout area at $3000.

What we are looking for now is a recovery of that $3000 zone, which is mandatory before aiming for the $3600 area.

If we do not see it, then most likely we will see another dip to local lows, but we are more into the breakout scenario here! #ETHPriceAnalysis