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.
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We did indeed retest 1000 but it was bough back up