ETHUSD short view

Since April 11, Ethereum has been in a sideways, slightly growing canal in an attempt to reduce losses incurred the day before. The price of Ethereum then dropped from $ 3,300 to $ 2,950 within 24 hours. The resistance in this consolidation is at $ 3070, and now we see a new price drop towards the $ 3000 level. For the bullish option, we need positive consolidation and a price jump above $ 3,100 to get additional support in the MA50 moving average. If the price manages to keep us at that level, then we can expect Ethereum to try to test the $ 3,200 level. The previous high is at the $ 3300 level, and additional potential resistance is in the MA200 moving average. For the bearish option it should fall below this consolidation and below the $ 2,950 price. After that, our next target is a zone around the $ 2,800 level. And if she doesn't support us, then we can expect further pullback prices all the way at the $ 2,500 zone, the March support zone.