The market lost the support on 2460$ and retested as new resistance before a new bearish impulse until the monthly support on 1800$
The price is creating a pennant on the 4h timeframe, and the market created the demand zone on 1800$
How to approach it? IF the price is going to grave new liquidity from the demand zone, we can add in our watchlist in order to apply our rules for a new long position –––– Keep in mind.
The price is going to grab new liquidity from the demand zone above the monthly support. Let's see if the price starts with a reversal movement. the ETH merge is coming in the summer
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The price is following my drawing. Now we will wait until the end of the day to understand the market.