Ethereum Analysis ๐ฃ
After breaking the four-year downward trend line, the price corrected to the fair weekly gap and then strongly rebounded from it, marking a new all-time high.
Currently, we are witnessing a corrective movement towards the fair daily gap after the price has breached the previous weekly high.
We also notice a downward daily gap, so what we want to see now is:
โ Respect for the upward daily gap
โ Ignoring the downward daily gap
This scenario will reinforce the continuation of the bullish structure and open the way for further upcoming highs.
๐ฅ The markets are moving cleverly, but the compass is still pointing upwards.
