$ETH is still showing uncertainty, as the price could move lower or continue forming an ABC corrective structure.

Price has made a lower low while RSI formed a higher low, suggesting a possible bullish divergence and a short-term relief bounce.

However, a bounce doesn’t necessarily mean a trend reversal. It could still be wave 4 before another move to the downside.

The next price action will be crucial in determining ETH’s direction.

#TradersBetOnThreeMoreFedHikes $ETH

ETH

2,417.34

-1.79%