In log chart, it broke the bullish trendline to the downside and also completed the pullback to the trendline. As I shared with you before, Fib. 0.382 level would be the first support. If it cannot hold it, then WRL would be the next support level. However, I personally think if the price drops below the Fib. 0.5, it is the first sign of bear market for ETH.
But in linear chart format, WRH level is coincide with the bullish trendline and would be a good support. Breaking these two support would lead to testing the Fib. 382 level.
But in linear chart format, WRH level is coincide with the bullish trendline and would be a good support. Breaking these two support would lead to testing the Fib. 382 level.
Mr. CryptoTracker