Ethereum seems to have created a ๐ปbear trap๐ป (but the 100-SMA held Ethereum well).
According to Elliott Wave theory, Ethereum is completing a corrective structure.
Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY).
I expect Ethereum to go up to ๐กPRZs(Price Reversal Zones)๐ก after breaking the downtrend line.
Ethereum Analyze ( ETHUSDT ), 4-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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