ETH: The Bull's Last Stand

Ethereum is currently sitting around the .786 with over a 50% drop from the ATH since November 2021. If the .786 fails to hold, the bull's will have their last stand at the MAJOR support zone around $1,700 - $1,800.

Daily RSI has dropped to 22, which is the lowest we've seen in 2 years. There is a chance we could see a reversal in the coming weeks.

Here are the two scenarios:

Bullish: ETH breaks above the major top trend line and holds above $3,000.
Bearish: ETH has daily closes below $1,700.

This is not financial advice. These are just my ideas and opinions.