#ETH Update

As expected, we experienced a sharp pullback within the daily target zone. From a structural perspective, we are currently correcting within an hourly bearish structure, with overlapping support around 3900-4000.

If a daily bearish structure can be established in the future, we will be looking for new spot buying opportunities.

📊 #ETH reaches its target zone✔️

🧠From a structural perspective, we've reached the daily bullish target zone, so we need to be wary of the risk of a pullback.

➡️Chasing the gains within the red resistance zone is not recommended, as the expectation of a daily pullback is very strong.

➡️If you want to participate in a short trade, you need to patiently wait for a bearish structure of the same cycle to emerge, or look for shorting opportunities near the overlapping resistance zone around 5000.

🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH