What makes this interesting is that we are forming a small Head&Shoulder patter inside that and it has target at the small support below (850), let's see if this pattern really forms. If price breaks below the support of the , it may fall to 850 level and finally the 23.6% level. Volumes inside this small is particularly high despite the small candles, which promises a boom in price more likely to the downside. is also decreasing, which is typical of price action during pattern formation.
The overall picture is still although the ETHUSD pair is showing few reversal signals: on (invalid now), cross of the 50 and 200 .
Happy and safe trading!
There’s also chance that ETH may reverse from the 800 area. Let’s see if we reach the target of the rising wedge or not, which is the 23.6 fibonacci level.