$ETH rejected at pattern resistance once again as we drop down to the first expanded support with a hold at the second expanded average.
Based on this position it's possible that we continue correction towards the second expanded support, or 200EMA, which would extend consolidation out to 3/08.
If we don't receive a bullish breakout by the original final marker (3/03) then we can assume that the aforementioned date will be the goal for future PA (vs 3/05).
However given that the overall target is 1650 this would likely put us in a more bearish scenario per the 2/28 post.
Based on this position it's possible that we continue correction towards the second expanded support, or 200EMA, which would extend consolidation out to 3/08.
If we don't receive a bullish breakout by the original final marker (3/03) then we can assume that the aforementioned date will be the goal for future PA (vs 3/05).
However given that the overall target is 1650 this would likely put us in a more bearish scenario per the 2/28 post.
