$ETH

We were expecting a price of $5k-$6k due to news about the ETF, which did not happen. Smart guys skillfully use people who go to buy up assets after positive news. In order to have an idea of ​​what awaits us next, I suggest you look at the chart for six months and conduct an analysis.

On the 1-day timeframe, a triangle with horizontal support from below formed, after which the price went into a flat of $2150-$2820. We also see an unused imbalance.

On the second chart with a 4-hour timeframe, I analyzed the current situation in more detail. We see a locally formed resistance zone, which has already been broken, as well as an open imbalance, which means a quick rebound in price upwards. From my experience, I dare to assume that after this there will be a small correction, which is facilitated by the trend line.

However, do not forget about the daily imbalance, which will serve as a magnet for the price, and also on the extreme candle you can see a high shadow, which means a fight between bulls and bears. That is why further growth is most likely.

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