ETH is trending down in a broader trend channel and has now reached the upper trendline again.
There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080).
This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).
There is a short opportunity at the resistance level (1220). If the market turns down now there is a good chance of testing the low again (1080).
This retest would also be a second leg down and could also be a move inside a developing trading range (1220 -> 1080).