ETH/USDT - Writing On The Wall? 📉

Looking at the ETH daily chart, things are looking quite bearish.🐻

$700-800 remains our target "bottom" in this range as ETH just bounced off the downward channel as illustrated.

We pointed out a potential crypto dip the other day looking at the BTC charts, and it seems to be playing out. 🔮

Do you think we get a small relief bounce here on ETH? Or is it "look out below" until $700-800? 🤔

Either way, we're big HODL buyers at those levels long term.

-TucciNomics
Chief Overlord, AlgoBuddy