As advised from my previous post, confirmation is necessary to confirm the bearish trend of ETH specifically if it will respect the 3853 area(support turned resistance). Patience is the key! We can see on the current price action that we had a bear trap and evidence of price failure to break below 3669 area(with arrows). This opens up a possibility of price bounce up to 4784 area to confirm this move we must wait price to create HL(higher Low. This would be also the ideal long entry for short term trade. My overall sentiment is still sideways unless we see a clear break out on major key levels.
NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.