We are still within the falling wedge on ETH and can also see a bullish divergence on the RSI on the 4HR time frame. MACD seems to be slowly turning up as well if you zoom in(Be be grasping at straws here), as well as the RSI slowly creeping back up.
Ethereum seems to have respected the trend line going back to the 28th of February during this massive correction and has bounced perfectly from the trend line from the 25th of March on the 14th of July.
We may see some more potential downside before we go back up again but, going off of the both of the trend lines I don't think we will see under $1800 unless the market actually crashes which most people seem to be expecting.
Going to wait for more confirmation before going long again though, these red candles are scaring me.
Let me know what you think and if you have any ideas on what might happen :)
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Target if we get a clean break from the wedge: $2170