#Ethererum is it still possible?

Weekly chart:

The price of $ETH has created a large range since February.

If we pay attention to the highs and lows previously created, we notice that they are a HH (higher high) and a HL (higher low) while the lows are two equal low that is 2 lows where the weekly closing is at the same level.

These last 2 lows touched two important EMA:

the first low touched EMA 20 and the second low touched EMA 50.

Is it possible that there may be another low who goes to test the third EMA 100?

Yes, it's possible.

But there are many things to watch out for.

The first is to see what the price does when it goes to get liquidity on the HL and HH.

If the price is reabsorbed after taking liquidity from the highs, it will be more likely to fall.

If the price on the weekly closes the caandle above the previous highs it will be less likely that the price will go to test the EMA 100.

The second is what will happen with trading on the #Etf in these weeks.

Sooner or later that level will have to be retested cause in addition to the EMA 100 there is a retest of structure and a closure of inefficiency.

It will all depend on when the real bullrun on Ethereum starts.

Wheter we should wait for the interest rate cut and even more so for the American elections.