ETH Bull Run in Three Fibs: Roadmap based on Confluence Zones

This chart is a combination of 3 Fib series linked below:
Bull Run in Three Fibs: 1) Genesis Wave
Bull Run in Three Fibs: 2) Covid Recovery
Bull Run in Three Fibs: 3) Christmas Rally

Confluence areas of the fibs are key price zones to watch.
The "Top" was marked by a Genesis Level plus local Linear fib.
We can observe the reactions at each fib, for clues of next move.

I will post updates as price action progresses.

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Comment:

Fireworks to start the Week.

Market wide sell off all weekend, then Boom, spike at Asia open: (last 4hr candle)

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Zoom IN (15 min) for a closer look at the KEY zone

Last approach failed at the bottom bound.
This push we have done better (thus far).
But still dangerous until break and Retest of 2464.

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Zoom In MORE (1 min) and we have a reason for concern

Pierced both the local linear fib (green) and Genesis fib (thick blue).
But now having a tough time with the lower bound.
Dashed fib at 2395.64 first possible support if rejected.

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SUMMARY:
- Impressive Market Wide bounce.
- Ether at first Major resistance and danger level.
- Expected pullback to be scrutinized for further clues.

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Comment:

Still holding the Higher Ground

Bounce ran into the "minor" resistance above 2500

Minor as in the fibs are more local than the Genesis fib.
But, that green 9.618 is foreboding as the common Murderer of moves.
Plus we have the possible "Head and Shoulders" pattern forming.
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Zoom IN on todays bounce

Dancing on the Genesis fib at 2464.01.
Loss of 2464 could bring a significant dip.
But all in all a very bullish stance right now.

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Comment:

New All Time High

And past our Genesis Level at 2624

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Zoom IN (21 min) with previous high and current price highlighted

We pierced the Genesis fib (thick blue) and the local green fib.
But now chewing on the zone, lets see if it can hold.
More likely is a pullback, ideally to the 2519-2545 zone.

Zoom In MORE (1 min) and we see the battle

Green 10.236 the current suppressor,
Blue 58.055 the possible support,
Ideally we do not "need" the blue genesis fib to break above...

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SUMMARY:
- Head and Shoulders averted.
- Tenuous new high hanging on.
- 2624 Key support, but expecting 25xx
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