Let's talk about Ethereum!
Yesterday brought a big bullish rebound that made me feel happy, and I held my head high. After two days of being in the red, I finally started making a profit, rising directly from the opening point of 3488 to a high of 3735, achieving a strong bullish candlestick, which indicates that there is a high probability of a new upward trend today. Given such a good start to the week, we must maintain it, as last week's bearish candlestick is still a pressure point. A downturn could lead to a direct adjustment near the 3200 mark, which is not what I want to see, but if it does happen, buying the dip is undoubtedly an option!
If this 4-hour candle closes above 3660, then the upward momentum remains healthy, and there is a chance to form a second wave in the 4-hour timeframe. If it continues to break down, we will need to look for buying opportunities on the 4-hour moving averages, roughly in the 3378-3422 range.
