ETHUSD More Downside To Follow But When Will It Stop?

Hi Guys,

In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen.

Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by a massive rally.

Why? because the 357.87 is a significant swing low and many traders may think that when that area breaks ETHUSD is going to crash to 50 or lower. But I think that there is a good chance for ETHUSD to rally after revisiting that area based on the sentiment cycle:

How? Simple, ETHUSD can just become a big flat pattern shown in the chart.

Anyway, bookmark this analysis and we will see what will happen. As the short-term time frame is concerned I am expecting way more downside.

Hope this helps.