$ETH Price Prediction 08/23/2023

A strong recovery for ETH after dropping below 1600 as we're brought just short of H1 200EMA.

Closes at the ascending outlier 1 (lower solid green) have further established this trendline in the case of future correction.

Refer to the descending pattern (upper solid green) as critical support noting that it will eventually turn to short-term EMAs.

For now we can assume PA within the blue highlighted area until a breakout attempt occurs.

tradingview.com/chart/gDBkksfy/
Chart PatternsTrend Analysis

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