ETH - will be a second wave down?

In the event of a big drop, the price almost always renews its low. Whether it will renew this time is not known, but Footprint already had a buyer who bought 1300 btc, which is a good signal for the whole market. Therefore, in case of a fall and a false breakdown of $3505, it could be a good buying opportunity.

On the chart, you can note the trend line as well as the rising wedge, which is a locally bearish structure. In case of a false breakdown of the trend line and a breakdown of the lower boundary of the wedge, there could be a good opportunity for selling.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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