Ethereum retracement possibly could be extended to 170 euros

Last night we saw the parabola get destroyed and Ethereum found support at 205 euros, which is sitting around the 38% drop of the price. The price has been bought nicely at 200 euros if there has been any drop in price below it, but this does not look like lasting for a long time. As every increase in price was lower after it was being bought at these 2H dips. This dip from 250.5 euros to the value hovering around 205 euro. My analysis says that any further drop in price and a daily close below 200 euros we could potentially further drop the price unto 170 euros to complete the retracement unto 62%, which would be a healthy correction for the last week's enormous parabolic rally.

This is not financial advice, but just an opinion from a person who has started to use charts to justify his gambling instincts and losses in crypto trading. So, please beware THIS IS NOT FINANCIAL ADVISE OF ANY KIND.