ETHUSD: Consolidation ended. Channel Down emerging. Short.

The previous 1D Triangle on Ethereum broke downwards aggressively (STOCHRSI = 11.149, Williams = -90.348, CCI = -224.0933) and a new Channel Down is emerging (RSI = 38.671, MACD = -4.010, Highs/Lows = -5.6514, B/BP = -13.9500). The next obvious level is a test of the previous Lower Low and first support = 188.50 but the Highs/Lows call for a new Lower Low near the 167.35 1W Support (see the orange Lower Low extended trend line. We remain bearish on ETHUSD on the medium/ long term with TP = 176.16 and 138.61.