ETHUSD is currently trading in a corrective structure forming a classic bullish flag pattern.
Analyzing the structure on the left, we can notice that the pair is approaching a key structure support level around 200.
There will be a high chance to see an accumulation of buying volumes inside this area. For confirmation, we will wait for a bullish violation of a bull flag. It will be a perfect indicator of the start of a new bullish wave.
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