Ethereum is moving in a short-term contraction triangle, which is becoming more compressed, which can continue to grow by maintaining the $1750 range to the red range.
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In the previous analysis, in the time frame d1, according to the ascending scenario, it has risen up to the dynamic trigger, which, as you can see, penetrated below the resistance again after an unsuccessful break, which according to the correction structure, after the failure of the break, there is another correction to at least 22700 Will have. Therefore, in my opinion, we will have a correction in the form of micro wave 5 in the whole market, so you must enter short-term buying positions, the market will probably face a correction.
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The movement continued according to the specified route to the supply area and then met with a negative reaction.