Technical analysis by Owcheew8 about Symbol ETH: Buy recommendation (6/8/2022)

While BTCUSD is telegraphing 13-14-15% bounce from 30k ETHUSD is telegraphing up to 25% bounce from the current price level. It will likely hit former support, volume gap is also visible on the volume profile. Mind, this is just a bear market bounce. It won't change the big picture.It seems market did not mature enough in this range to bounce, patience. If this brakes further down next target is $1400 ish.This is the local bottom. Target is former support.