The recent drop in Ethereum has almost completely swallowed the gains made since July, and it could get even worse;
My script: The second bottoming phase in the second half of the year will be even more intense, and that will be the real opportunity to pick up the pieces; acting now is just fueling the institutions;
As long as the weekly chart closes in the red, it officially signals the start of the "oscillating decline". As for the endpoint, we will see as we go—neither predicting the heavens nor the earth, just following the trend!
Operation suggestion: Short when rebounding above 4320, add to the short position at 4360, with targets of 4160, 4060, and if it breaks, look at 3900! $ETH