$ETH - update: [27-08 vs today]đ„
đ·As expected, the price made a significant downward correction after the wedge pattern broke.
đ·The main target (bottom) of the wedge was reached and the price reacted, forming a double bottom!
đ¶The [H1] price is in the downtrend channel (3rd graph).
In the short term, the price is correcting upwards! Watch out for the big resistance (retest) around $2,300 - $2,350.
đ¶Zooming in on my daily/weekly views, I think the correction is only short-term and that support at $2150 will be broken!â ïž
đĄPrices should logically continue to fall towards the main uptrend (weekly) around 1950 - 2000$đ
Big support zone to watch:
1980 - 1800 - 1600$
Upper key resistances:
2350 - 2480 - 2600$
