ETH still battling at 3200 as we consolidate into a symmetrical triangle pattern (dotted black); note the entry direction which further denotes bearish continuation.Not much new in regards to recent posts, I still believe we'll see a drop to roughly 3k before any signs of possible reversal. Dipping into the next long-term zone poses a high chance of furthering momentum to 2850-2750 critical.
On the contrary, holding above 3k until current long-term trendline (low) crosses over will add a second support measure and increase the odds of weekly divergence.
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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.