2nd channel break in 24 hours - Sitting on the larger blue channel bottom now, which needs to hold to stay in this fib zone IMO. Looks like one more test at 4437 fib soon - which needs to break & hold for a bull shift, but I always expect these channel breaks to happen in 3's. A recovery over that orange channel can invalidate the bearish formation. ETH is grabbing liquidity while building support zones above 4k IMO, and 4k seemed like a big win a few days ago. I am prepared for further breakdown, or a bounce. Time will tell.
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