Basically there's no path for more downtrend without first a relief rally. And if that relief rally breaks $2830 then it could reach higher-highs at $3300 pretty quick. I'm assuming this is a 5-wave decline at work here though, not to exceed $2400 though.
We'll see..
We'll see..
Trade closed: stop reached:
Not sure why it posted a BTC chart on the bottom but the ETH chart has just been invalidated for a wave 5 up and instead we're likely in a bigger start to a wave 3 down, having just completed and wave 1 down and this today was the wave 2 up.