$ETH picture is much clearer now. Price is sitting right on the ascending trendline support while still trading below the major resistance zone around 2.38k-2.40k and the 200 MA.

If bulls fail to reclaim that resistance soon, then a weak bounce from the trendline followed by a breakdown would match the red path on the chart opening a larger move toward lower demand zones around 1.8k. 👀

#btc #crypto #ETH

ETH
ETHUSDT
2,106.06
-1.05%