ETH downward move expected, further 5% drop coming!

ETH/USD COINBASE:ETHUSD

Saver0

The downward momentum is too strong at this time. It looks like we will break the demand zone at the $2600 level and move towards $2400 to retest the lows. We may break down further at this point. I don’t think the time is now for all those thinking long. We have to wait for price action to develop and to indicate upward momentum by eliminating the downward momentum. Bears are in control and probably shaken up by the wars and the markets in turmoil overall.

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