Ethereum / TetherUS
Short
Updated

The storm is coming

131
Eth's 4-hour bearish structure is making its second test of the top, and it also has a bearish structure here on the 1-hour. When the 1-hour structure triggers down it also coincides with the end of the 4-hour secondary test, which will trigger a larger level of decline. I believe we will see at least 2160 Eth, and even 1700.
Trade closed: target reached
It looks as if the large bearish structure cannot be completed, but the smaller bearish structure has reached its target price.

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