There are two scenarios in Ethereum, based on Bitcoin and market trends :
We should expect a price pullback towards the pitchfork's midline if the price can be supported in the 4-hour time frame above the red rectangle.
- Above the red rectangle, at the level of 1725.91, is the best entry point for the long position.
- The best stop-loss level for a long position is below 1618.
- Up to the level of 1725.91, the ideal spot for the short position is in the red rectangle.
- The best stop-loss level for a short position is above 1773.02
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Thanks
CrazyS.
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Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂