By using the multiple timeframe analysis, ETHUSDT should go long in long term view. I believe that ETHUSDT is near to the end of short term downtrend and ready to the larger timeframe uptrend swing.
It could be a good opportunity to go long ETHUSDT because the current position is relative low if ETHUSDT would go for higher high in next few week.
The potential reward for guessing the higher low to the higher high is definitely justified with the risk.
In 4H chart, it is potential to form alike head shoulder bottom which could lead to a reversal of short term downtrend. The current price action here is also showing that the support is strong with the staking of fibs 61.8% retracement. Conclusion, it might be a good opportunity to buy ETHUSDT due to the reasonable level and risk & reward.
It could be a good opportunity to go long ETHUSDT because the current position is relative low if ETHUSDT would go for higher high in next few week.
The potential reward for guessing the higher low to the higher high is definitely justified with the risk.
In 4H chart, it is potential to form alike head shoulder bottom which could lead to a reversal of short term downtrend. The current price action here is also showing that the support is strong with the staking of fibs 61.8% retracement. Conclusion, it might be a good opportunity to buy ETHUSDT due to the reasonable level and risk & reward.