I think we are most likely going to see something similar to the inverse of the previous price action for the short term. I've marked the area I copied the price from and you can see it's quite similar.
As we know history likes to repeat itself + we have the descending nature and the double bottom for some extra confluence.
Also, we are getting a decrease in trading volume showing me we have less liquidity in the market.
When huge blocks of crypto get bought or sold in an illiquid market we see significant and aggressive changes in the price of those crypto tokens, I think ETH is more likely to get bought than sold at these prices for now.
As we know history likes to repeat itself + we have the descending nature and the double bottom for some extra confluence.
Also, we are getting a decrease in trading volume showing me we have less liquidity in the market.
When huge blocks of crypto get bought or sold in an illiquid market we see significant and aggressive changes in the price of those crypto tokens, I think ETH is more likely to get bought than sold at these prices for now.