It is normal to have a correction after such strong action.
Here we can see that ETHUSD is already trading below EMA10 weekly, sending out a strong signal.
(Note: Candle closure later today is needed for confirmation of this signal. ETHUSD most close below $1361 to confirm the potential).
After we test EMA21 at $1050, we can see a bounce before lower prices.
The has been trending lower strong and this week we have a full candle.
We also have a breakout favoring the bears.
Visit my profile for the Bitcoin ( BTCUSD ) as well.
Thanks a lot for your continued support.