$ETH Trend Expectations

The structure of Ethereum is clearer than Bitcoin's. The top has formed a large consolidation center, which broke out to a new high but then experienced a false breakout, followed by a true breakdown. Currently, it is in a rebound phase following Bitcoin.

The bearish structure above is very obvious, and there are more trapped positions going up. Considering the resistance level of Bitcoin, the best approach for Ethereum is to look for shorting opportunities. The ideal scenario is a spike upwards followed by a bearish close or a formation of a bearish structure on the 30-minute chart.

This V-shaped reversal is relatively difficult to handle and requires patience, but do not chase prices or sell at a loss. There are currently no plans to go long in this scenario.

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