Obviously, our rising corridor has been breached a few hours ago.
ETH is still flowing down the descending channel that was launched early May.
I think that if ETH cannot find support at one of those 3 support lines in red, we can expect it to reach the lower border around $450 (which I think is unlikely). Nevertheless, the scenario with my highest priority would be a bounce off the blue rising trend line around 520-525.
Anyway, please DYOR, I just love making guesses. I am not a technical analyst.
ETH is still flowing down the descending channel that was launched early May.
I think that if ETH cannot find support at one of those 3 support lines in red, we can expect it to reach the lower border around $450 (which I think is unlikely). Nevertheless, the scenario with my highest priority would be a bounce off the blue rising trend line around 520-525.
Anyway, please DYOR, I just love making guesses. I am not a technical analyst.
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