Ethereum is locally squeezed into a triangle. Triangles of this type statistically break both up and down equally. Therefore, it is worth opening trades after a clear signal. If the price breaks through the upper boundary of the triangle, it will be a good opportunity to buy. It is safer to buy after a breakout and retest of the triangle as support.
If the price breaks the lower boundary, ETH will probably go lower.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.