ETH major descending triangle

ETH / USDT

ETH is forming a giant descending triangle and right now Price is testing important key zone of 1300-1250$

What Next ?

1- if bears break 1200$ it’s likely to continue the dump to 1000$-800$ levels and there we have a chance for a double bottom

2- if bulls save current key level .. we will have another minor pump to test 1600$ (major trendline resistance) Before dumping again


Important Note : there is no real bull rally below the major trendline (violet color in my chart ) any thing below it is a bear’s territory