A couple of technical harmonics are starting to become shown with ETH, still kind of neutral short-term as we may just range between $280 and $220.
Nonetheless, there is a bearish harmonic BAT that may complete and fake out bulls up to $280 then take out previous supports in a massive dump.
But there is also a bullish potential that we retest $186, make a higher low and proceed upwards to $440.
However, neither of these biased cases tend to take place as seen in the past with Bitcoin, therefore we must assume that it will remain in correction in between these targets, namely $186 and $280. This could also be an accumulation range set up by market makers as I truly don't see how ETH will continue declining if not by a slower bleed
Nonetheless, there is a bearish harmonic BAT that may complete and fake out bulls up to $280 then take out previous supports in a massive dump.
But there is also a bullish potential that we retest $186, make a higher low and proceed upwards to $440.
However, neither of these biased cases tend to take place as seen in the past with Bitcoin, therefore we must assume that it will remain in correction in between these targets, namely $186 and $280. This could also be an accumulation range set up by market makers as I truly don't see how ETH will continue declining if not by a slower bleed