The rise of ETH (similar to Bitcoin) is merely a retest of the bearish breakout on the higher time frame (HTF).
The overall upward trend is actually a large-scale layout - aimed at attracting long liquidity and clearing this portion of funds from the chart.
I have marked the initial entry position on the chart.
The second entry can be considered around the 4,420 area.
The short-term goals have been clearly marked on the chart.
Stay vigilant and do not become a passive trader trapped in this.
