ETHEREUM - Quick Shorts 🤫

In our last ETH analysis, we had a higher timeframe overview and indicated that we are waiting for a reversal at the fib levels.

Whilst we wait for price to come down to those levels. we ca capitalise on shorts back to that area.

Trade Idea:
- Price is currently in a parallel correction.
- Wait for red ascending trendline to break and enter
- Put SL above the current correction
- Target the 618 and 786 fib respectively

Here's our higher timeframe overview:

Goodluck!

Comment:

Update