While it may look bearish on the short term, I believe that on the long term we're still in a bullish trend, even if we do break down into the WHAT zone, the previous ATH will still provide ample support, if we do manage to break down below the previous ATH we may end up testing the 1100 zone, unless we break below the 1100 zone I believe we are still on a bullish track, the short term bullish trend has clearly been broken however and if we keep consolidating in the Get Low zone I think we may see further breakdown before this weekend.
However with the ETHBTC valuation showing a clear recovery I see no reason for a speedy recovery if ETHUSD were to "Bounce dat ass" back into the rapidly narrowing OKAAYY zone, YYEAHH zone, and potentially reach a local top between 2500/2800 before coming down again (if Bitcoin remains stagnant during that time)
Peace out
However with the ETHBTC valuation showing a clear recovery I see no reason for a speedy recovery if ETHUSD were to "Bounce dat ass" back into the rapidly narrowing OKAAYY zone, YYEAHH zone, and potentially reach a local top between 2500/2800 before coming down again (if Bitcoin remains stagnant during that time)
Peace out