ETH has broken the down trendline, and some people may think it could be a false breakout.
From the technical point of view, if this is a false breakout, it is likely that ETH will at least test the upside liquidity zone and show a significant rejection pattern before it goes down.
If it is a valid breakout, of course it will go up.
So in both scenarios, it is likely ETH will hit at least $2000.
From the technical point of view, if this is a false breakout, it is likely that ETH will at least test the upside liquidity zone and show a significant rejection pattern before it goes down.
If it is a valid breakout, of course it will go up.
So in both scenarios, it is likely ETH will hit at least $2000.
If ETH does not hit those large sell orders at that liquidity zone, there is no significant selling pressure at this moment.