As I mentioned in my previous ETH analysis, while my medium-term outlook remains bullish, I was anticipating a short-term correction.
That’s exactly what unfolded. After retesting the 4750 resistance zone, Ethereum began to retrace, reaching the support area just below 4300 earlier today.
Currently, the price is rebounding, and there’s a strong probability that the corrective phase has ended.
I’m now looking to re-enter long, as even a move back to the recent highs could offer a 1:2.5 risk–reward setup — a solid short-term opportunity within the broader bullish structure.
That’s exactly what unfolded. After retesting the 4750 resistance zone, Ethereum began to retrace, reaching the support area just below 4300 earlier today.
Currently, the price is rebounding, and there’s a strong probability that the corrective phase has ended.
I’m now looking to re-enter long, as even a move back to the recent highs could offer a 1:2.5 risk–reward setup — a solid short-term opportunity within the broader bullish structure.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.