Ethereum - This structure decides everything!

Ethereum - ETHUSD - trades at a key structure:

(click chart above to see the in depth analysis👆🏻)

After Ethereum retested the previous all time high in the end of 2024, we saw quite a harsh move lower. This move was followed by an expected recovery, however Ethereum is still trading below a key structure. Either move is still possible and will shape the future of Ethereum.

Levels to watch: $2.500, $4.000

Keep your long term vision!
Philip (BasicTrading)

交易开始

Ethereum - ETHUSD - totally freaks out:

(click chart above to see the in depth analysis👆🏻)

Last week Ethereum started to create a short term top formation. However this week Ethereum is rallying significantly. Therefore bulls are fighting with bears and only one party can win. In the end either move is still possible and only time will tell.

Levels to watch: $2.500

Keep your long term vision🙏🙏
Philip (BasicTrading)

交易结束：到达目标

📐Ethereum (ETHUSD) retested previous highs:

🔎Analysis summary:

Ethereum is slowly starting to reject the important horizontal structure towards the downside. This could still very well turn into a double top formation with a major move lower. Bulls are still strong but they are also slowly starting to surrender.

📝Levels to watch:

$2.500

🙏🏻#LONGTERMVISION
Philip - Swing Trader

TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
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TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD