One Final Flush Coming For Ethereum and Crypto?

If the size of support were to have it's own gravitational pull, then by those laws of this pretend universe ETH and the market must move lower. The next area of major support comes in between 380 - 350. A relatively wide range, but when and if we see these prices again, I doubt we spend much time at all towards the end of that range. As you typically see with sharp moves down, there's typically the knee-jerk reaction and you end up with a decent sized down-wick on the 'panic' candle. I would expect a very explosive bounce out of this support zone, with the first upside target coming in around 500. With a Daily Squeeze coiled (four days in) and an hourly Squeeze also coiled, I'm not quite ready to step back in long with the momentum on both currently signaling short. Also taking a look at an hourly chart you'll see a pretty clear double top where price failed to retest the previous high before it failed. As we've seen lately with the majority of the big moves in the crypto market they've been happening overnight (in the states) so I wouldn't be surprised if we wake up to a sea of red.