Eth found resistance today in an ascending broadening wedge, I believe if bitcoin manage to break up the descending channel Ethereum could easily break up this wedge to find resistance at least in the old ascending wedge line, if btc creates a new lower low ETH could be heading to the support line of the wedge too.
We need to keep on top of the 8 EMA line and find support on the 21 EMA to break up this descending channel, we have touched the resistance
line of the channel today and if we break up we will see a pump if not we could be in the way for a new lower low.
It is a strong possibility that we break up this descending channel and we see a pump next few days but first we need to be on top of the 21 EMA acting as a resistance now if not we could make a new lower low.
We didn't break the ascending broadening wedge in the weekly chart yet, we could still bounce back, but it is very possible that we hit the target to around $40,000 next few weeks according to some indicators and hopefully bounce back after, if not we could have a serious bear market, I really believe that.
We are trying to find support for a confirmation of a breakout triple bottom It looks like this could be a fake out but if not we could touch the top of the previous descending channel that was broken, if we break down again we will be in some trouble.
btc didn't manage to reenter the descending channel, we had make resistance at the bottom of the channel
and prices dropped again, I think it will dump more from here, we are also breaking down a bear flag in the 4 hours chart.