The chart of Ethereum looks really ugly IMO with price just forming lower highs. With price rejecting that resistance at ~$3090, it now sets up the possibility for $ETH to fall much lower.

I think we’ll likely break the blue trendline in the coming weeks, which would setup a fall to the $1701 support. However, being that support has already been tested multiple times, I think we’re likely to see price break through that support and fall to the $1345 support before bouncing.

In case you haven’t realized it yet, we’re in a bear market and price can fall much lower than you think is possible. While I think that’s the support we’ll bounce at in the near term (1-2 months), I think over the coming year, we’ll likely see much lower prices.