In this 3 Day chart, we can see that ETH has been respecting the 50 MA perfectly since the Covid crash in March 2020.

November 2021 saw a double top established. Trend line from this top has been respected to date. It quite likely represents the top of the bull market for ETH.

50 MA and 200 MA are on a collision course. The last time we had a death cross in ETH was back in October 2018 and it lasted for approximately 18 months. Considering, that we are likely entering into a bearish period for all markets, it could be quite likely that it takes us another 18 months for the 50 MA to cross back above.

The support line around 1800 should hold temporarily. It is strong support having been tested in June and July of 2021. When it breaks, and I just don’t see how it doesn’t, considering the state of all markets and the global macro environment, I expect ETH to break down to the long term trend line .

Sub 1000 ETH is quite possible.

Remember, this is medium term outlook.
The market may try and push 3k again, but all rallies will be sold.

Good luck and happy trading.