ETH price appears to be consolidating to form an ascending triangle following a strong sell off. Due to higher timeframe downside bias I would be looking out for a breakdown on the 4th or any subsequent test of the lower trendline of the ascending triangle targeting all time lows of around 81.5 but there is potential for the price to drive lower.
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.