On ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak. Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%.
There is still room for another decline on the RSI, while on the STOCH indicator there is a visible upward movement that has encountered resistance lines, which may reverse the movement again.
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