Ethereum, Test Of POC-Structure Can Lead To Further Alignements!

Hi,

Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspectives. As Ethereum somewhat initially recovered from its lows and moved on to test remaining resistances it has started to develop this wave-count with the first wave A formed, now as Ethereum recently pulled back with the local resistance in the structure these pullbacks firstly can go on to test the lower levels. What is important then is the point-of-control structure marked in my chart in red where Ethereum has dedicated supports lying and therefore has a higher possibility to bounce within this zone to the upside, when this happens it will be a considerable origin of the wave C to the upside, it will be an interesting development.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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