A picture tells you the current trend of ETH
After reaching a high of 2141.54 US dollars on 2023/04/16, it turned into a downward trend channel and has since entered a downward trend channel. As the price plummeted on 8/17, the lowest price was 1550 US dollars and the lower lead was closed. It was just in the middle of the track connecting the high points. It is currently at 6 /The low of 1,626 US dollars on the 14th formed a short-term support with multiple tests of the previous wave of shock platforms.
The general trend direction still maintains the short view. In the short term, the low point will be tested multiple times to see if there is effective support. The effective support will be shorted upwards and pulled back to the upper edge of the downward trend track. After the short term is shorted, it will then go down to 1400 to find support. In the short term, it will be 1600 multiple times. If the price fails to stop falling effectively, it will fall directly to around $1,400!
