ETHUSDT ! A strong sale. Bears continue to dominate🐻

٢٢ أغسطس ٢٠٢٢

ETHUSDT continues to trade in a bearish trend and as we can see on the chart, bearish forces are strong at the moment. Within the ascending price channel an upward correction was formed, which reached the 2020 limit level.

On the 18th of August the price channel was broken and we see a strong downward impulse, which reaches the important level of 1597.5. The false-break does not give any reaction and the price goes back under the level, to the short zone.

I assume that the fall can continue after the price will be able to consolidate under the level of 1597.5. Short-term target is the support of 1355.6.

Regards to R.Linda!