My ethereum price analysis and forecast

As you can see by this graph, there are clear indications that we are in a downward channel, however also in a smaller upwards channel with potential of breaking out if the trend is broken. I have shown this by two possible scenarios where it either rebounds off the larger downward trend channel and goes onto creating a higher low then eventually starting its true rebound. OR breaking through that downward channel and creating new highs from there. Only time will tell but this is what i have ultimately analysed.