ETH manages to keep above 3210 critical but is unable to re-enter pattern likely indicating the start of a bearish cycle.
Remember that today's close goal is at the orange intersection which seems improbable given our current position.
From a long-term standpoint, continuation to 3k appears to be the better suited scenario however anything can happen during high-volatility changes.
For now we should look to close out D1 above 3300 which marks an earlier W1 piercing.
www.tradingview.com/chart/gDBkksfy/
Remember that today's close goal is at the orange intersection which seems improbable given our current position.
From a long-term standpoint, continuation to 3k appears to be the better suited scenario however anything can happen during high-volatility changes.
For now we should look to close out D1 above 3300 which marks an earlier W1 piercing.
www.tradingview.com/chart/gDBkksfy/
