ETH in a downtrend. After consolidation period in the 1000-1100 range bull break into 1170 and rejected forming a lower high confirming downtrend.
Big rejection off $1170 down to important $1000 level but bulls bought back up looking to solidify their break after forementioned consolidation.
Unless we see continued bull support we may see Eth retest $1000 level possibly further.
Big rejection off $1170 down to important $1000 level but bulls bought back up looking to solidify their break after forementioned consolidation.
Unless we see continued bull support we may see Eth retest $1000 level possibly further.
Comment:
We did indeed retest 1000 but it was bough back up