#ETH is in a complex consolidation phase

📊#ETH is in a complex consolidation phase 👀

🧠From a structural perspective, the previous long uptrend has ended, so we should be wary of a deeper correction. We are currently in the middle of a complex consolidation, so there are many contradictions.

➡️Thus, if you want to participate in a long trade, you need to patiently observe whether this period of sideways consolidation can continue and a bullish structure can be established.

➡️If you want to participate in a short trade, you need to patiently wait for a break below the yellow support zone on the daily chart. This will then turn into resistance, and then look for short signals within that resistance zone.

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