Ethereum looks prime for a relief rally. After looking at the Grayscale Ethereum trust (ETHE) it's clear we are due. With patterns we can't tell when but we can estimate how high the rally could go. Check out the chart. I imagine we could hit the golden pocket with no issues (area between the .618 and .65 fibs). The falling wedge could break lower forming a longer wedge pattern but we are looking for a breakout of the black line then a retest back to the support line then we breakout!
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All that's happened is we broke out and have back tested support. Stuff looks really bad in the world but no asset goes straight down without rallies. This is a three day chart so it's a slower mover. Falling wedge is asking for higher prices.