Ethereum on the higher time frames is illustrating that there is a reversal occurring. Looking at the Higher time frame of 3 Days, we can see that it has surpassed the 15 Moving Average - A look over the past 15 Days. 

This area for the past 12 days has acted as a resistance, thereby showing that there is a bullish sentiment renewed in the market. A close over $190 over the next 3 days, illustrates a revival. 

On the lower time frames of 6 hours to 1 Day, it can be seen that Ethereum has surpassed the previous resistance of 55 Moving Average. A close over $186 today would illustrate a definite revival for the rest of the week. 

Moreover, a continued increase to $194-196 would see the Moving averages crossing over that could ultimately take Ethereum to the 200 Day moving average. 

Nouvive has compiled both Bearish and Bullish

 Positive:

• Double bottom on the $168 area. 
• A lot of buys on the way down, especially just above $170 - acting as a strong support area. 
• Increased buy side pressure, through the volume. 
• Decreasing volume, increasing buy side pressure illustrates that the next several moves will be bullish ultimately. 
• High probability chance of a MA crossover illustrating a large move upwards, potentially to the $210 area. 

Negative

• We still have to wait for the 1 and 3 Day closes especially above $186 and $190 respectively to issue a reversal. 
• RSI Stochastic crossed over and Ethereum heavily overbrought on the lower time frames - but not on the higher time frames. 

Nouvive recommends a long from $185-187, taking profit at $210. The first stop loss at $183, with stops increasing in Profit.