Ethereum Analysis #ETH
It is currently in the boundary area between returning to positivity and dropping to break the bottom
You have two clear paths, today's close will confirm which path it will take with the rest of the market
What I favor is the red path because, as you can see, the entire rise occurred with a decrease in volume. Additionally, the drop from February was accompanied by an increase in volume alongside other factors in the market.
Therefore, if the purple block (1856) is broken and the candle closes today, tomorrow, or any day before the weekly close
(Flee from the market as you would flee from a lion)
Returning to positivity above will allow us to position ourselves in the market in specific currencies, and we will have a clear and explicit stop for the overall market, enjoying all the gains of the market.
As for closing below, we will only watch because the drop, God knows, will be very violent at that time.