ETH Retracement EthereumCRYPTO:ETHUSDsublimelaxerEthereum has broken the 0.618 retracement zone, and is just at the bottom of the downward channel of the bull-flag created as it reached it's new ATH after a strong bull run. Should this channel support break, the bull flag is invalidated, and I'd expect further retracement to the 0.5 FIB zone ($3,365) - with strong downward momentum, we could see a breach to the $2,997 area (0.382 FIB).