Where is the Bottom of Ethereum Price?

Ethereum is blooding nowadays. Price is going down fastly comparing marketcap.. Even ETH 2.0 is a good news, there is no possitive effect for ETH price. Is there a problem? Maybe, Yes.

Problem is related to technical analysis. ETH price should go down. The bottom of ETH price should be 1100 USD! This is mo opinion. It is my reference point of the bottom of bearish season..

Lets look why I think like this...

Here is monthly chart of Ethereum. RSI Indicator is close to great support line. RSI is still at 48. It should go down to 46. Maybe we will see it in August!

The bottom of Bollinger band will be the support for Ethereum price. It will be at 1100 USD in August or September!

Here is weekly chart of Ethereum/Bitcoin pair. There is rainbow pattern in RSI Indicator. ETH broke down the channel and it is in downchannel. The bottom of channel is at 25% down. ETH price is around 1500 USD and 25% down of price is equal to 1100 USD!

So, The bottom of Ethereum may be around 1000-1100 USD. We should see this price to see the bottom of market!

We will see....