Technical Analysis and Market Entry: ETH/USD Returning to $100 Cannot Be Ruled Out
It completed the technical move, with the breakout and retest, leaving it vulnerable to further downside pressures. Price action began to consolidate following the noted breakout and retest.
The price has again formed another pennant structure, subject to a potential breakout south. If the price continues to be held by the lower acting trend line of the pennant, then the move south should likely resume.