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rlando

Assuming a descending wedge: Here are some potential scenarios.

Ethereum (INDEX:ETHUSD)  
rlando  
INDEX:ETHUSD   Ethereum
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
$1280 seems like a natural level for ETH to find some solid support based on the volume profile measured from ATH. Before getting there however, there's potential for ETH to make it's way back to the 20W moving average again. Waiting for more confirmation on potential bullish divergences in the rsi and mac d to support that scenario. Regardless, I think $1280 gets tested as support at some point, however i'd be lying if I said I knew when...
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