ETH still struggling to break 3k which could send us back to 2800 short-term; a volatile dip would likely find support at intersection of highlighted pattern & solid purple line.An extension of sideways action would funnel us along the solid blue line, providing a better chance of a bullish breakout.
imo this test at 3k will determine the general direction we head within the next few months.
Daily could play out as a double-bottom recovery with W1 MACD divergence or we could continue to drop to 2k range.
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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.