To the surprise of the bearish, ETHUSD price actually recovered.

Dec 7, 2021

ETHUSD price started to fall sharply after breaking through $4,300. It traded as low as $3436 and recently started to correct upwards and regain its popularity. My chart shows that the price is in a short-term upward channel and the gray area is the potential room for the price to move. Of course, if you are bullish on ETHUSD, you should pray that the price does not fall below the green zone, as that would cause another price collapse.

Dec 8, 2021

Trade active

Starting from the $4328 price, calculate the upward and downward spreads separately.