Hi
ETH right now is breaking support since failing to get past the $3680 resistance levels and now ETH will likely go as low as $2380 where ETH is being accumulated more, since demand is fluctuating at this level constantly.
After testing $2300-2380 expect that ETH is going to attempt to re-test again possibly to $2680-2700 and since ETH is on a downtrend channel on the 4hr most likely will fail to do so unless there is a breakout and a new sign on the daily, which is still bearish.
ETH right now is breaking support since failing to get past the $3680 resistance levels and now ETH will likely go as low as $2380 where ETH is being accumulated more, since demand is fluctuating at this level constantly.
After testing $2300-2380 expect that ETH is going to attempt to re-test again possibly to $2680-2700 and since ETH is on a downtrend channel on the 4hr most likely will fail to do so unless there is a breakout and a new sign on the daily, which is still bearish.
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