$ETH Mid-Term

Looking at Ethereum from a mid-term perspective, it’s currently sitting near its price ceiling, suggesting a potential need for a correction. Of course, it’s also possible that this level could be broken, depending on overall market conditions. However, the primary scenario is that it fails to break through and pulls back, with the potential reversal zone identified based on Fibonacci levels. On the other hand, the 55 EMA is also providing solid support.

If Ethereum manages to break above this resistance, then we'll wait for either a confirmation or a pullback before entering a long position