Around two weeks ago I made an analysis on ETH. In this analysis I celebrated the successful trade that we took, as well as the notion that we’d see 1-2 weeks of consolidation before targeting the $1800 area again (and potentially going lower). The latter has now occured.

As of recently, ETH is quickly losing value against BTC , which has happened across every bear market since ETH’s existence.

In my view, we’re due to a further sell-off in the crypto markets. For the coming week(s), I’m expecting ETH to make a push towards the $1300-$1400 area, potentially even lower if we see some kind of capitulation event.

Be aware that we’ve to make a close below $1800 on the day first before triggering this trade.