Ethereum can exit of triangle and continue to fall

Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price formed an upward impulse from the buyer zone 1460-1490. Later, Ethereum created a symmetrical triangle and trades inside of it. You can also see how the price tested the resistance area of triangle from which it bounced back and to decline. The price is currently below the resistance area and may continue to fall and break through the support line of triangle. After a possible breakdown of the support line, Ethereum may continue to decline and I expect that the price may reach the support area. Based on this analysis, I set targets at level1610, which coincide with the triangle support line and in the support area 1570-1545. We can also observe that the targets for Ethereum coincide with the Fibonacci levels of 0.5 and 0.382. Please share this idea with your friends and click Boost 🚀