ETHEREUM is showing more weakness after Saturday crash, Some people told me the possible causes for this decline. When it is time to put my hard-earned money in play, I choose the technicals to make an educated decision. Even I like the ETH fundies and the new upcoming innovations to reduce gas fees, at the moment of this writing, I need to go with the bears. We may see more weakness as indicated on the chart. To make matters worst, these levels align with Fib levels and many TA traders use them as TPs. ETH will rebound due to the robust blockchain behind it, in the meantime my bias is BEARISH.
