Short Ethereum, Deep correction incoming!
Ethereum has just broken down from a rising channel (in log scale) it has been in since the march 2020 crash. I'm expecting this correction to last at least one more month, but more likely to take place over the next 3-6 months. My targets would be for price to reach the .618 retracement at around $2900, however in reality we will probably be going a bit further south of that. I'm leaning more towards the idea of a deeper correction to the .786-.886 retracement which would take price to around $2000-$2400. I don't believe we will breach the lows that occurred June/July of 2021, and this should be an amazing buying opportunity should it take place.
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