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ETHUSD: Targeting $1,300 and it may not even be the bottom.

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.

See how our prior idea has worked out:

ETHUSD: Channel Down getting rejected on its Top.

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