Short to medium term outlook on the ETH price action leading up

Despite the recent flash crash in mid-January of this year, I believe that combined with the upward funnel that has formed, we could still see more downward pressure pushing the price as low as ~ $1,130. At this zone ($1,120-$1,160) we could expect some consolidation as the price bounces on a strong historical support structure. From there a fresh uptrend could be expected.