At the first glance the chart might look bad, but it is Ethereum, it never moves as expected.
As you can see, there is a massive bullish pennant (started back in 2017) that was broken downwards by two 2W candles (or 1M candle). However, I tend to believe that this is only a bear trap.
✖️ Bear trap before the upward ETF-related rally on Ethereum that will push not only ETH/BTC, but the whole Ether ecosystem upwards.
However, while the price is located below the resistance — our main focus must be at Bitcoin, not Ethereum.
