ETH is following a downtrend and making higher lows!

I do not have a position in ETH but feel we are at a very interesting point. I am posting this even though nothing from my previous analysis has changed just because I find this point in time very interesting for ETH. As long as we trade under the 50 DMA the outlook for ETH is BEARISH. Notice the downward trendline holding firm. No doubt there are sell and buy orders following that trendline. I think we say between $216 and $225 for the many more days. I am not at all sad to see ETH trading sideways as I feel it legitimizes itself as a currency and a store of value. I for one do not like seeing huge swings in my account as that knife cuts both ways, but if I can hold a stable crypto and use it to trade others cryptos where there is more action, I am fine with that! Good Luck!