Remember, a test to the 20 week EMA is not abnormal in a bull market.
So we could drop to 30k without a "bear market". People should not panic here.
Just enjoy the discounts and see the weak hand being shaken out.
RSI Momentum looks bullish on ETH and with BTC in the middle of its consolidation pattern, this could be the perfect storm for a massive run for ETH. ATH this weekend is not impossible, and if breached, we are in for quite the move north.
We still need to break out of this pattern, break 1250 and then the local top of 1350 to climb towards the ATH however.