ETHEREUM Analysis (3D)

First of all, pay close attention to the timeframe | it's a higher timeframe.


From the point where we placed the green arrow on the chart, Ethereum appears to have entered a bullish phase | specifically, a symmetrical pattern.

It currently seems to be in wave I of this symmetrical structure, which is the final wave. Wave I itself appears to be composed of three parts (ABC). At the moment, Ethereum seems to be in wave b of wave I.

We expect wave b of I to complete within the green zone, after which the price would move into wave c of I.

The price seems inclined to complete wave b of I near the bottom of the green zone.

Targets are marked on the chart.

In the green zone, it’s no longer reasonable to look for Sell/Short positions, especially when the price is approaching the bottom of the green area.

A weekly candle close below the green zone would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You