Today at 1 PM in Washington, 3 PM in Brasília, the meeting at Trump's White House about the crypto market structure law will take place. Be prepared for a frantic market.
Observing in the chart, ETH shows no reaction as it lacks strength.
After losing the diamond pattern and starting the downward movement, ETH attempted a reaction, but it was weak, resulting in a rejection at the averages and creating a bearish engulfing.
As a result, it tends to seek the bottom around 2,900K!!!
Upon reaching there, we have the possibility of a double bottom occurring.