Despite the recent selling spree, Ethereum bulls have held on to the $3,100 support whilst the king alt showed gradual improvements on its 4-hour RSI. Similarly, Cosmos buyers showed up in the $25-$26 range to stall its ongoing sell-off.
On the other hand, Tron witnessed a death cross of its EMAs on the 4-hour timeframe while ETC fell below its Point of Control.
During its slump phase, ETH lost the crucial $3,500-mark while the bears flipped this level to immediate resistance. The bearish rally led ETH to lose more than half its value as it fell towards its multi-month low in late January.
Since then, the alt grew by nearly 47% in the last 11 weeks. Recently, ETH saw an up-channel breakdown from the $3,500 resistance. As the $3,100 support stood sturdy, the alt briefly consolidated in a Rectangle (yellow) on its 4-hour chart.