Good morning!

For ⚪️ETH, we have started a local pullback due to the formation of Bearish divergence on the 4h timeframe.

Divergences on the 4H-1D timeframe are strong reversal signals that are almost 100% of the time precursors to at least intermediate corrections (and sometimes warn of a trend change).

🟠Ethereum has shown a powerful wave of growth in the last month of more than +80%🚀 (for a project with such capitalization) — a local unwind would be logical and would only benefit it.

⮕Potential correction target ⏺ is up to 3000-3200$ (according to Fibonacci), but I do not expect a deep decline below 3000$ right now.

📌 At the same time, on the heat map, an important liquidity pool has already been gathered from below (under $3700). Similar strong magnets are absent up to ~2500$, but I am not considering such a strong decline at the moment...

In general, the market shows a similar picture, so I am not making any new entries for now. As soon as I see new bullish signals — I will notify you😍, and we can start picking up. The medium-term outlook is bullish, we are working with the trend!⚡️

P.S. Shorts against the trend — at your own risk, personally, I will refrain. If desired, the same #ETH can easily be pushed above 4000$, it looks very confident right now 💪

😬😁🤗