Ethereum is strongly bearish on its 1D technical outlook (RSI = 37.979, MACD = -80.900, ADX = -42.782) as it is unfolding the second phase of the 3rd bearish wave of this Bear Cycle's Channel Down. With the two prior declining by -47.24% and -48.85%, the current one is expected to repeat at least the minimum TP = 1,300 and that may not even be the bottom of the Cycle.
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