$ETH
Unless we see a clear impulsive movement of 5 waves upward or at least a breakout above the weekend high, the orange scenario with greater declines still holds weight.
The bounce from last week's low seems corrective so far and lacks strength. There is still no structural confirmation that a lasting low has been established.
That said, the price is in a technically relevant zone. Following the recent liquidation, it is advisable to pay attention to reversal signals.
For now, however, confirmation is lacking. I am closely monitoring the microstructure.

What do you think? Trade here”

#Ethereum