After the rapid adjustment of Ethereum is completed, a true waterfall decline will begin. The trend low can be referenced around 1500, as there has been no healthy correction during the entire weekly upward movement. Therefore, subsequent declines are expected. Many whales will also heavily sell off after touching the key weekly trendline. Do not try to bottom fish on the long-term chart, because once the real decline starts, there may be no bottom. $ETH
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11.11 Ethereum Trend Analysis
After the rapid adjustment of Ethereum is completed, a true waterfall decline will begin. The trend low can be referenced around 1500, as there has been no healthy correction during the entire weekly upward movement. Therefore, subsequent declines are expected. Many whales will also heavily sell off after touching the key weekly trendline. Do not try to bottom fish on the long-term chart, because once the real decline starts, there may be no bottom. $ETH