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ETH Daily – Bullish Shift After Engulfing Key Zone

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#Ethereum has engulfed the purple zone, which is a positive sign. From now on, our bias is more toward the upside, and we will be looking for long opportunities. There is a possibility of price reaching the yellow zones one after another. The possible scenarios are defined, and for now, we give more weight to the bullish scenario. We’re also keeping an eye on Bitcoin. Note that this is the daily timeframe. This analysis will be updated regularly.
Note that there was also a liquidity zone just behind this purple area, so we need to see how price reacts. Engulfing moves are not always successful. Proceed with caution.

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