ETH is showing a perfect Flagpole and Pennant pattern around the 4160 resistance level. I suspect ETH will rise.
Based on current support and resistance levels, and the current Channel Up Pattern forming, which is a bearish pattern, I expect a buying opportunity to occur around between $29-$28.
I think this most recent bull session is in part due to algorithms moving larges amounts of cash with Micro-Transactions. Could it be Micro-Strategies making a large move? Look at the MACD, this rise doesn't look natural.
I believe ETH will bounce and regain a good portion of its 35% downturn.
I analyzed and drew the support levels of BTC down to 25% Correction, which I believe will be the lowest BTC will go, which is roughly around 35,000 if BTC does make a major correction after being rejected by the 50,000 resistance level.
I think that it will hit the support level and come back to test the resistance.
Just my analysis that GPBAUD will continue upwards to test a resistance level.
My BTCUSD Channel Down Pattern Idea was a little late and off, but seems to be holding.