I think we could be seeing a bull trap with possible abc. i believe the markets did not reach a low enough position for the longs and the media sparked this burst. So bears pumped prices up with media burt for a bear trap.
Like if you support!:)
The blue line is support at .32ish if we can break up to the purple line then expect a break out upward of the green line to resistence. If we follow the red trend line down thenn exspect to see .26
LIKE IF YOU AGREE
I think ETH will go down more bc of low volume and this falling triangle (i do not know if there is a technical term for this, if so LMK) please take a look of this analysis below i made a while back!!
I am a self taught student at a university and just...