Yesterday ETH dumping all the way to 1,715 USDT, and the entire crypto market was dumping hard. BTC was below 30K yesterday. Still waiting for the market to turn at the Higher Time Frame, at the moment still look pretty bearish.
There is a Descending Channel on the ETH 4H chart, it is still trading within the channel. Once ETH breakout from the channel and going up and up hopefully, then yes ETH will be temporarily bullish again.
The supply area that has been holding up pretty well now is 1,703. Let hope it can continue to hold well as solid support.
What is your thought on the ETH chart?
Now let look at the ETH daily chart, it doesn't look good at all right? 10 days straight with the red candles then a Doji candle and continue red candles again.
On the Higher Time Frame, as of this moment, there's no sign yet that ETH will turn bullish. Hoping the little hammer there can Hammer Up ETH price. Lol.
All of this is only MY PERSONAL OPINION/VIEW on the ETH chart and this is 100% NOT A FINANCIAL ADVICE.