ETHUSDT: Update | Did The Bearish Movement END?

ETHUSDT: Update | Did The Bearish Movement END?

All is valid as shared below in the previous analysis:

At the end of October-21, the price broke out from the previous structure high previously reached at the end of May 21 at 4358.

This time the price rose to 4800.

Many market participants were expecting a larger price increase.

What happened is that the price tested again the low level of the structure near 2160 on 21-Jan-22.

Now the price seems to have ended the bearish move and we can see the start of the next uptrend.

The last and strongest resistance will be found again near the top of the model near 4780.

Targets:
🎯 3223
🎯 3833
🎯 4783

Thank you and Good Luck!




Previous analysis:

Comment:

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Trade closed: target reached: