This analysis is an update of the analysis you see in the "Related publications" section
The previous analysis has expired, and the price moved up without any correction. This type of movement is usually intended to attract liquidity, and once liquidity is absorbed, the price often goes through a correction.
From the point where we placed the green arrow, Ethereum has entered a bullish phase.
It now appears that we are in wave B of this bullish phase. The price may get rejected from the red zone.
Price can be rejected from the red box.
Do not enter any positions without confirmation, as the price may even continue moving up to the top of the red box.
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