The weekly timeframe looks bullish to the red zone.
snapshot

vanguard weekly movement prnt.sc/HdhvXhMswLGb

On the hour, you see a wedge. It's a reversal pattern and it is not working out yet.
We are in the sideways movement 1.90 = 1.70.
Locally, the minimum is interesting in the breakdown and hitting of liquidity under the break price 1.76
The first scenario on the chart.
The second one looks like this tradingview.com/x/RVugx81s/.
The third variant
snapshot

Well, Godspeed.
Chart PatternsFundamental AnalysisoptimismoptimisticethereumOPUSDTopusdtlongopusdtoportunityOPUSDTPERPopusdtshortTrend Analysis

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