Although ETH seems bearish for now, it is currently at the 0.618 Fib level and I'd say there is a good chance that we could see a bounce from here. Remember that the weekly candle is still bullish and this is not a complete reversal!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.