Ethereum -- The Dumpening?

Hi guys, this is elitebagholder reporting in.

I am actually NEUTRAL on Ethereum at the current price of $260 USD.

I feel like if we go much lower below support it can get dumped further down to 190.

So is this it? Is this where the dumpening occurs?

I thought Ethereum flips Bitcoin?

What happened?

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Disclosure: I hold 0 Ethereum. I sold my entire position at $680 months ago. I post charts to help myself and others be more rational.

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Strange, is ETH really going to hit the 190 support in a day? What the...?

I'm betting against it, probably a good buy opportunity right now @ 227.

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Not sure, really now.

Maybe ladder buy to 190 support from here.

Eth just dropped another 7 in minutes lol

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I couldn't update my idea because I keep getting reported by someone and TV keeps agreeing with him.

If you ladder bought down to support, I think as of this writing you are breaking even or slightly winning.

I would personally consider selling because this just feels like a lower high being formed and shorts just having to buy to cover.

But I don't know for sure, just making an educated guess.

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Interestingly enough, I feel like Ethereum will go down to 140s and then start going in a sideways channel. Not 100% sure as usual, but I feel like it's the most likely thing to happen at this point in time.

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Based on the volume, the next move could take us back to 265. The lower high that will get formed will probably be very close to previous high.

When this happens, I think the next phase is sideways price action.

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