Interesting to see if this plays out. ETH and all cryptos have been lower timeframe bearish for some time now. We see a clear impulse down and we are seeing a third touch rejection of a potential triangle continuation pattern. Volume behaviour indicates consolidation and we can see a market inefficiency gap at the 1,850$ level. If price reaches those levels, it may also be a good place to load up with more ETH since the overall long term trend remains bullish.
Happy to hear other thoughts/views on it.
Happy to hear other thoughts/views on it.