Ethereum Analysis (4H)

It seems the price is not yet ready for a strong rejection to the downside, and buyers still hold strength. It is expected that, with the interaction or liquidity hunt that previously triggered a strong upward move, we may see another bullish wave. This move would both reinforce a bullish sentiment in the market and allow major players’ orders to be filled.

For a rejection to occur, it will either happen from the premium zone of the previous wave, or a new all-time high might form.

Let’s see how the market reacts to the highlighted red zone.

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

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