Good evening -
ETH/USD - Since peaking at $3500 in March, the price has been replicating the same price action in sideways consideration followed by an impulse move down. This has happened twice so far, with the price currently consolidating sideways. If the price losses the $2970 support, then there is an increased likelihood of seeing another move down similar to the prior two moves. For this pattern to be invalidated, the buyers will need to begin taking price above the current higher low of $3148 and change this market structure in favour of the bulls.
Significant support is located at $2500, an area I will be very interested in