My humble outlook on potential price movement
I expect further downside movement right down the DAILY FIB level .782 before expecting a bounce back. that level have held on 3 other separate occasions.
the 4 hr chart shows that the downward channel resistance is still in play and is effective level of resistance. I suspect profit is being taken and protected until the Aug 1st.
the price level to expect a rebound is between $2319 and $2400
volume is low and the market capital for the whole crypto space is under $95 Billion. so speculators and traders are on the side lines or pulling out funds to get a better buying opportunity