Short- to mid-term ETH price action.
Based on the LTS line, we had a tumble in Aug 2023 and then broke out again mid-. There was a nice triangle forming and it proved true breaking with a local top at $2,692 on the 11th of this month, but following this, a nice little (not so nice actually) flag appeared leading to your current tumble. The next long-term support zones (not levels) are at $2,120-$2,150 (yellow) and if we can close above the LTS line (the dotted line) there is hope for recovery.
Losing the yellow support zone we still have zones around $2,000 and $1,750 but I don't see it dropping to or below the major historical support zone at $1,360 (green)
Losing the yellow support zone we still have zones around $2,000 and $1,750 but I don't see it dropping to or below the major historical support zone at $1,360 (green)
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