12/12
since end of Novemver price is in descending triangle, which usually signals continue of downtrend and break out from the bottom.
OBV is in decline creating bearish divergence with price.
Support at 4k has been tested many times and bounces are getting smaller meaning it's getting weaker.
Fall to the next support zone at 3600 is more likely also because of volume gap shown in VPVR below 4k level and high congestion of volume above it.
since end of Novemver price is in descending triangle, which usually signals continue of downtrend and break out from the bottom.
OBV is in decline creating bearish divergence with price.
Support at 4k has been tested many times and bounces are getting smaller meaning it's getting weaker.
Fall to the next support zone at 3600 is more likely also because of volume gap shown in VPVR below 4k level and high congestion of volume above it.
Nota
ETH bounced of slanted orange support as expected. At the time of writing broke through support at 3950 on high volume, possible retest from below before further move down to 3600 area.
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