ETH formed a bull flag at higher timeframe and moves within it till now. Current trade channel located between 181 and 189. Since higher level already hit, we may expect it to go down - and either bounce from channel middle line around 185 or go lower to channel bottom at 181. Bouncing from 185 will be bullish and gives a chance for channel bullish breakout. All depends on BTC which is not clear right now. I think it can drop to 8300-8550, but for very short time and most probably just a wick. If that happen, ETH can dump below channel border.
Note
So far everything according to forecasted scenariosNote
ETH still consolidating within same narrow range
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Crypto reviews - t.me/WiseAnalyze
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Crypto watchlist - t.me/WiseAnalyzeDCA
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Disclaimer
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.