![Screen Shot 2018-05-24 at 4.42.44 PM.png](https://cdn.steemitimages.com/DQmUr54AvkVKf8S48DXSgGtQ2FhBzJFX9hHgvMA3gHut2EB/Screen%20Shot%202018-05-24%20at%204.42.44%20PM.png)

Signs are still looking pretty good for a continued bounce to play out for Ethereum and the rest of the markets. The last two candles have been bullish hammers showing that the bears tried to come in and take over, but bulls quickly pushed prices back up again. 

Likely, we will see a push to the EMA resistance levels around $650, and then a likely pullback before bulls can hopefully run up again and see prices hit towards $680 and then $700. 

Overall, we are still in a longer down trend, BUT, we still have a small sliver of hope if the weekly chart can form a higher low and then lead up a higher high. That will take a while to play out, though. Daily and shorter charts favor bearish action. 

The daily candle is shaping up to form a nice looking close here in about 10 minutes. Now, we will just need to see the bulls continue and have follow through (ideally more volume too). There's still hope! Stay tuned later for some more updates. 

<h1>Happy trading!</h1>