$ETH PRICE ANALYSIS :

Mark price of Eth is 3000 but still below the moving Average of 9 and 18 days which indicates a bearish momentum along with Exponential moving average of 50 and 100 days. Both MA and EMA indicators are above the market price which indicates a strong bearish momentum but some how a small recovery has been seen recently but that doesn't mean Bearish market is over. A more downward momentum can be seen as the coming days are more volatile and can be aggressive.

As far as candle stick chart pattern is concerned A Big M pattern on higher time frame can be seen which is the strong Bearish reversal so it is suggested not to trade until the market touches its main support which is at 2750.

S1 Approval is also anticipated soon in the next coming days and the decision can further cause a panic selling.

Moving average convergence and divergence is also not showing any bullish reversal for now.

It doesn't mean Bearish market has started and bull market is over we are still in the bull market and a correction of 10 - 30 % is always one of the big signs in bull market that a bullish reversal will come soon because the last pump is still pending for This year and Eth will touch it's all time high level soon. In a short term market sentiments are bearish but soon this phase is going to over and once again we are going to enter in the bull market.

NOTE : Trade with caution.