Ethereum dipped under the $1,900 help stage over the previous few hours. A decisive shut under such an important demand zone will put ETH prone to a 38% correction towards $1,200. This pessimistic outlook derives from the formation of a bear pennant sample on the four-hour chart.
ETH 4-hour chart
Ethereum must declare $2,100 as help for an opportunity of invalidating the bearish thesis, which seems like a difficult duties as a result of low buying and selling volumes within the cryptocurrency market.