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ETH just like all the other alts are coming down, so allow me just not to post others, more or less all the alts shows the same pattern. ETH just made a new ATH at around 2050, wow that's a lot of increase since the last bearmarket price at 75 USD! But we really need the start of the ETH 2.0 mainnet, because these damn high transaction fees just killing the whole thing. ETH has a big potential and with the POS system god know what we are going to see this year, we may see bigger numbers than ever.
On high time frame of course, just like BTC we don't have to worry, we are bullish, but on daily chart we can guess what's coming. In just 3 days the price fell cca. 43%, that's a lot, but not unusual on crypto market. 1350 USD could be the bottom of this correction, but I wouldn't be surprised if the bottom would be even lower. Within a few days or a week we will see.
4h chart gives us a little hope, that the price could go up to 1900 USD, that will serve as a strong resistance and could be the start of the next dump action.
On hourly chart ETH fights with the resistance at 1700 USD, there is a chance we can break out, but if we lose 1650 USD level, we can retest a lower high at 1450-1550.
