ETHEREUM - RETEST OF A BIG CHANNEL MEDIAN

25 Jul 2022Imo very big resistance at eth right now at retest of big channel median. I think we will reject here to test lower prices onc more time. First target should be at the middle line of our bear flag. Doubt it will hold and we should see one more test of 1100-1200 area where is our pivotal price. If it holds I can see some slow grinding towards the upper band of the bearish channel but if we lose it I think new lows will come. Don't think it will be very deep dive, rather kind of double bottom with taking the lows so around 650-770 usd.