After Eth broke down from the ascending wedge, it is now consolidating. Is this a possible bearish flag pattern? My biggest holding in my portfolio is Ethereum. I do hope it does not retest 1800 USD. There is a strong support at the moment at around 2000 USD which is the 200 day moving average which is the blue line.
Hopefully it holds.
London Fork is just a couple of weeks away. If Ethereum does break down to 1800USD, I do hope that I have enough cash to buy the dip. Paraguay is planning to make Bitcoin legal tender soon after El Salvador. This is bullish from my view. Let's see where Ethereum goes.
