Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching.
It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. However, you should keep in mind that the reversal of the trend will be confirmed if the price can form at least a higher high and low. In the previous two bullish uptrends, it can be seen that the buyer takers had a higher hand on the support levels and pushed the price up.