Before anything else, you should know that Ethereum's structure in higher time frames is bearish. However, we currently expect an internal pullback to higher levels because the price has reached a significant zone.
The expectation is that the price will move from the mitigated demand zone toward the targets.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting Comment if you have any questions thank you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.