Based on the previous bear market patterns ethusd still has a much more way to go down suggesting a downwave upto 100 dollar range. This may sound crazy but the downside target could be expected in a couple of days.
Could Even have dip to 4.764 extension (extreme case) upto 42 dollars
If you want any confirmation candle buy eth when it closes a first candle above 4H 9 ema
Finally the buy zone i'm waiting for is here :)
@Karonte, You are right! ETH mining is already not profitable (except in China) and after Constantinole fork in October, there will be only China. If the price drops below 150$, ETH will become the most centralized coin, if it survives running on such few miners... Things would be very very bad!
have a look at this. Everyone wants it at 150 but it could go deep below with instant reversal creating a long wicked doji. Hitting 100 to 110 is still having much more probability based on the retracement levels of this dump.