Expert opinion: Bearish#ETH

In early August, ETH/USD broke below the key $2,900 support level, accelerating downward and hitting a low of $2,300.

As expected, a rebound ensued and tested the breakout level. However, despite two bullish attempts to retake the newly formed resistance level in August, both failed and the price subsequently fell back to recent lows.

Currently, Ethereum seems to be heading downward again, and a break below the $2,350 area could trigger a further correction, with the target possibly being the $2,000 level. As long as the price remains below $2,600, it remains bearish.#contentminingFollow me! Get more information about the currency circle!