The morning strategy suggested a long position on the pullback, but later, the price didn't give any pullback opportunity, so we directly arranged to enter long positions. Subsequently, the rebound started as expected. Since we are currently in a correction phase after a stretch, the fluctuations are not significant. Our long positions have also slightly taken profits, capturing over 400 points on the price. Still, as the saying goes, it's better than nothing; little by little accumulates to more.
The daily chart of the price has also started to contract. Although it is currently a rebound structure, after failing to break through 110000, it remains a high-level consolidation structure. This is also a classic horizontal movement replacing a downward trend. With the support below becoming more solid, each stretch now needs to be stabilized properly. We can only welcome better stretches after this wave of correction ends.
Price is above 109000, watch for 111500.
Ether is at 2545, watch for 2630.
