Another bearish breakout for $ETH to send us down towards prior low (~1700).
Note that since we've received a rejection at long-term trendline there's a good chance we could drop back to 1700 before a proper recovery attempt.
This recovery could send us to ~2150 (or corresponding LT trendline) but would likely be short-lived, going off the idea of a larger double-top formation across the market.
If we drop to the next LT trendline then chances are there will be no recovery until a later date.
Note that since we've received a rejection at long-term trendline there's a good chance we could drop back to 1700 before a proper recovery attempt.
This recovery could send us to ~2150 (or corresponding LT trendline) but would likely be short-lived, going off the idea of a larger double-top formation across the market.
If we drop to the next LT trendline then chances are there will be no recovery until a later date.
