ETH breaking below the 1500 support level is inevitable

On July, 18th Ethereum broke above the 1500 resistance level and is now failing to retest it. The whole market has a bearish bias, and this would affect eth as well.

In addition, ETH is moving in a bullish falling wedge since January 24th 2022.

What is somehow a little bit confusing, is that ETH succeeded to fill the gap formed on June 13th ( which most of us thought it was an exhaustion gap ).

We could easily see the price get closer to the 500 area as the whole market preparing for a painful august.