$ETHEREUM - Correction Down

Analyzing the chart of the $ETHBTC, you can see how the price is rapidly declining. The fall was preceded by a good upward trend, and now it needs a correction. Judging by the figures the price forms, we can conclude that the correction continues (1. broken down triangle with upward support; 2. a triangle that has a broken horizontal support in the area 0,020335)

In case if the price is also trading below the downward vector 0,020335, it will continue to decline. If the breakout is false, and we soon see the price breakout of this level up, then we should expect a reversal to continue the correction at the level of downward resistance, where the 2nd arrow comes out. Support trend is in the area of ± 0,019140 where the further direction of the pair will be decided.

Also, at this moment, the fall is not prevented by most oscillators, and the main RSI as reversal formations are not observed. This is another factor in favour of further price reduction.