ETHUSD More Sellers on the Way

ETHUSD looks ready for nice push to the bottom, possibly being the last big dump before cryptos start recovering. On the daily timeframe, price seems to be stuck in this downtrending channel. Linear regression suggests that price is going to fall downwards to at least the previous low of the 12th of September. Down-Top analysis starting with the 1hr shows price ready for a bearish TK cross, if this happens then I fully expect for price to create a bearish TK cross on the daily level and target even lower prices.

Entry: 230.14
SL: 254.9
TP1: 161
TP2: 110

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1hr view, Price is testing Tenken Sen and is looking to form structure. The large gap underneath could signal a fast drop

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www.tradingview.com/chart/my58MuaG/