🔥 Ethereum Bear-Flag: Perfect Retest Into Dump

A couple of days ago I made an analysis on ETH where I discussed the bear-flag and the potential for a retest of the purple dotted resistance line (previously support).

As seen on the chart, the price has retested the purple resistance as support and has since then been falling. However, the bears are not as strong as I initially anticipated since we are still trading around $1300.

Once we can confirm a new short-term low, blue dotted line, we can confidently say that the bears are back in control. Wait for that.

Target is still the yellow demand area.