Introducing $2.425 - Ethereum ETH W-shape pattern scenario

Introducing $2.425 - Ethereum ETH W-shape pattern scenario.

Price in that moment at huge volume resistance $3.236 and at EMA60 of MA Ribbon.

For me more likely that we don't see a V-shape pattern but a W-shape pattern with second leg down to $2.425.

Importance of $2.425?
- this was the most seen volume at the current V-shape and the daily high on July 2021.

What do you think? 😎

Drop me a nice comment if you'd like me to analyze any other cryptocurrency.

*not financial advice
do your own research before investing