ETH situation right now Explained.

ETH was in an ascending channel but right now (after the massive dump) the price has gotten out of it.the price is about to touch an Important support and that is 1900$. The next big support zone is around 1500$ and that is the last hope for a comeback. But not all hope is gone. There is a regular bearish divergence.(+RD) on MACD Which means the bullish chance is pretty high right now. The price can easily reach 2500$.

This analysis is on weekly timeframes.

-ETH was in an ascending channel but not anymore.
-support at 1900$.
-the last hope of comeback at 1500$.
-(+RD) on MACD.
-Resistance at 2500$.

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Thank you for seeing idea .
Have a nice day and Good luck