I believe that in the long term, ETH is still within a bullish channel. However, short term I believe that we may return to a demand zone or at least have a fibonacci retracement before more bullish movement.
TL;DR, short term bearish, long term bullish. I am looking to buy in the demand zone, as drawn.
TL;DR, short term bearish, long term bullish. I am looking to buy in the demand zone, as drawn.
Comment:
A daily candle close between the marked price, will be a good indicator for me that the bearish short term is in effect:
