After reaching $2,140, ETH consolidated strongly.
Since April 21, the token seems to have started an accumulation that meets the criteria of a Wyckoff pattern.
This consolidation seems to be over and it is now the bullish momentum phase that seems to be starting.
The bullish diamond in red is in line with this hypothesis, as well as the wolfe wave in blue.
Reaching the $2100 area seems plausible to me as this is the diamond's objective and moreover this area has accumulated liquidity
before the consolidation. It is not to be excluded that the price exceeds this zone to take the maximum liquidity.
The crossing of the AU at $ 1963 would make this analysis very credible.
This analysis does not constitute financial advice.
Since April 21, the token seems to have started an accumulation that meets the criteria of a Wyckoff pattern.
This consolidation seems to be over and it is now the bullish momentum phase that seems to be starting.
The bullish diamond in red is in line with this hypothesis, as well as the wolfe wave in blue.
Reaching the $2100 area seems plausible to me as this is the diamond's objective and moreover this area has accumulated liquidity
before the consolidation. It is not to be excluded that the price exceeds this zone to take the maximum liquidity.
The crossing of the AU at $ 1963 would make this analysis very credible.
This analysis does not constitute financial advice.