ETHEREUM / USD TETHER forum
Ethereum has formed a new high above its previous impulsive leg. Although this peak is lower than the one a month ago, the current structure looks healthy. During this move, ETH left an imbalance around the 2373 level, which aligns closely with a potential retracement zone.
Volume appears to be decreasing or reaching exhaustion, suggesting the rally may be losing strength. A correction towards 2685 could be on the table. For now, the setup does not favor either a long or short position.
update
1- long term buy cycle (black lines)
started 16 December 2024
tp 4093
2- long term sell cycle (white lines)
started 9 April 2025
tp 1434
% bubble ratio

update
short term buy cycle
started 2 February 2025
tp 3163
% bubble ratio

