ETHEREUM Roara Map (1D)

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The previous phase of Ethereum appears to have been a completed diametric, and now it seems we are in a flat pattern.

It can be said that we are currently in wave B of the flat, which itself appears to be a diametric.

This diametric could even extend to the 4300–4800 range.

The green zone is the rebuy area.

A daily candle close below the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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تم فتح الصفقة

Since the time of analysis, the price has pumped over 16% 🔼 and has reached the red zone

A yellow zone has been added to the chart, which represents a flip area. The candles reclaimed this level with strength but haven't made a pullback to it yet.

Given the interaction with the supply zone and the lack of a pullback to the flip area, a drop toward the yellow and green zones is expected.

The bullish momentum has been strong so far; therefore, the price drop and Ethereum's preparation for a pullback may take some time.