Is Ethereum Preparing for Its Next Major Rally?

Ethereum doesn’t currently have enough momentum to break through the supply zones, and considering the bearish trend in its dominance, it is expected to reject from the red line on the chart and move toward the marked demand zones below before starting its next rally.

This scenario would also allow the remaining corrective waves to complete. The process may take time, so it may be better to focus on coins that are lagging behind the market and look for profit opportunities there.

Ethereum could stage a significant recovery from one of the demand zones highlighted on the chart.

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