Let's take a look at Ethereum.
The uptrend is well maintained for now. The price range of $1,609.41 has been preserved in the downward trend.
On higher time frames, if the $2173.14 resistance zone is fully consumed, we can have an attractive bullish trend.
On the lower time frames, the condition of the upward trend can be the consumption of the range of $1937.12.
The above view is valid on the condition of maintaining the range of $1609.41.
The uptrend is well maintained for now. The price range of $1,609.41 has been preserved in the downward trend.
On higher time frames, if the $2173.14 resistance zone is fully consumed, we can have an attractive bullish trend.
On the lower time frames, the condition of the upward trend can be the consumption of the range of $1937.12.
The above view is valid on the condition of maintaining the range of $1609.41.
Comment:
Trade active:
❗️ So far, according to the analysis, it has progressed.
If the purple range ($2173) is completely consumed, we can expect an attractive upward trend, considering the maintenance of the uptrend line and support areas.🤩
❕❕❕ But it should be noted that on the four-hour time frame, the possibility of issuing a negative divergence is very high. In the sense that if the range of $2173 is consumed, we will have a corrective trend.
If the purple range ($2173) is completely consumed, we can expect an attractive upward trend, considering the maintenance of the uptrend line and support areas.🤩
❕❕❕ But it should be noted that on the four-hour time frame, the possibility of issuing a negative divergence is very high. In the sense that if the range of $2173 is consumed, we will have a corrective trend.