Take a look at the graph below . This current setup for ETH is the same disastrous setup as in 2018 . in 2018 after the MA20(green line) and Ma150 (red line ) crossed , ETH fell past the MA200 (blue line) to the next strong support .
if history repeats then after the MA200/MA150 cross ETH will move to the MA200 at around 1900 and then over a few days move lower to the next strong support at 1500 .
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I really dont like that look of this because if ETH goes down this would mean the rest of the market would also be going down - Which is frustrating as I was banking on at least a move to 48k before the market tanks.
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To save the day we'd need to see BTC get above 36500 at the minimum which is the current sticking point.
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However looking at the graph below BTC is getting rejected at dashed line which is a problem because if BTC is unable to cross it it will move to 29k and attempt a bounce there .