Since the Ethereum price is entirely dependent on Bitcoin and Bitcoin itself is expected to keep its bearish momentum for a while, we assume an extension of ETH's gigantic falling wedge. On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run.
But note: In that case we will also see a huge large-scale upwsing and it will be extremely hard to time. Make sure to setup your plans for this type of scenario.
15-20$ capitulation seems a little low.. seems like BTC found support near 3500
CoinStudio
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@blockchainbull33, not if you look at the macrotrend of BTC. It has potential to pull down almost every crypto - especially ETH - to the level I mentioned.
My BTC levels to watch out for: 3200, 2800, 1800, 800, 500
I know sounds pretty harsh, but scale out on the 1day and weekly, we are creating lower highs over lower highs, all over the place - without any sign of reversal.