Ethereum price is only down 5% on the month, and the countertrend surge shows bullish engulfing candle sticks on nearly all time frames. A piercing of the recently breached moving averages could send the ETH price back into octobers trading range, The trading range would be Novembers hugh at $1680. ETHs ability to sustain support above $1250 level would create the possibility to rally back into the midpoint of the range at $1400, resulting in a 15% increase from the current Ethereum pricer.