As I'm writing this update; BTC has been rejected from daily MA200 and ETH is stuck below monthly resistance ! So there could be a retracement to lower levels... Now, bearish order block has been formed and ETH is currently moving into a descending channel. It's most likely that recent bounces was over scaled on technical view, So we might see ~15% correction. However I won't get fully bearish till 45K; But I think it could be good for us to have taste of SHORTs from here.
Also on BTC's chart : BTC has retested the daily MA200 and there any sign of attempts to breakout ! So it seems that bulls are easily ignored the uptrend movement...
🔴 Above descending channel or order block will invalidate the setup.
Hope you enjoyed our analysis about Sentiment view on ETH's possible correction🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.