ETHUSD break the important trendline support is still remains ?

15 Mar 2021

What we expect is simply shown on rectangles : trendline broke and here is now one of the most important zone and two scenarios is available\

1.Red rectangle and red path :price start drop hard and Ethereum has the potential too because previous high not touched and this means lower high on daily time frame and we would expect maybe even downtrend starting on longer timeframes :

Targets:
A.1700
B.1615
C.1540

2.second scenario that we could expect is this :
sometimes sharp trendline break but uptrend don't break and new trend line created and the price still pump on new path created to the targets

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