Ethereum seems to have created a 🐻bear trap🐻 (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 🟡PRZs(Price Reversal Zones)🟡 after breaking the downtrend line.
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
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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