this is what i see in 2h tf. currently it is over-bought area as comapred to its lowest price. Almost ethereum did 2x from its lower, now expeted some correction, if it follow zigzag pattern then drop is expected, otherwise it will follow expanding flat correction which will be completed around 1720 and then a massive downside movement is expected. overall market is in bear mood, this recovery is just a natural act, whereas overall global energy prices rose is still uncontrolable so im expecting more downside
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.