Ethereum broke the uptrend channel and locally changed its trend to downtrend. The price is now consolidating and gaining strength before the next move. There are two liquidity levels on the chart, where many buy orders are located. It is very likely that the price can come down and collect liquidity below the first liquidity level. In case of a false breakdown of the first liquidity zone, there could be a good buying opportunity.
In case of insufficient liquidity, the price may reach the second liquidity zone and then continue the global uptrend.
If the price reaches the $4345 level, cancellation of the downtrend.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
In case of insufficient liquidity, the price may reach the second liquidity zone and then continue the global uptrend.
If the price reaches the $4345 level, cancellation of the downtrend.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.