Ethereum, Crucial Formation, Possible Source Of More Downside!

Hi,

Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective. Since Ethereum has shown up with the high bearish volatility to the downside to move into remaining supports it has shown up with some initial bullishness however did not yet convert this into a full sufficient reversal and besides that Ethereum has very critical supports still lying within the structure as it moves on with the wave-count within the ascending-channel these resistances are determined within the resistance-cluster marked in red within the upper boundary of the channel where a pullback is very highly likely, when this pullback closes below the lower boundary it will be the setup for the further continuations of the wave C and completion of the channel as a bear-flag with the further determinations.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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