Downtrend resistance zone not budging, causing 
ETH to break 3900 as well as long-term lower trend.
Current low holding around 3750 (wedge support) as we look to push back off a potential hammer reversal pattern.
Charts pose some concern if a (bullish) breakout doesn't occur soon; as downtrend continues, price will eventually consolidate below the long-term lower trend (solid purple).
This could not only create a bearish scenario, but also advance the market correction cycle.
ETH to break 3900 as well as long-term lower trend.Current low holding around 3750 (wedge support) as we look to push back off a potential hammer reversal pattern.
Charts pose some concern if a (bullish) breakout doesn't occur soon; as downtrend continues, price will eventually consolidate below the long-term lower trend (solid purple).
This could not only create a bearish scenario, but also advance the market correction cycle.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.