🔹 The reversal we expected on the Ethereum side happened and fiat reached the required correction level. At the same time, this region is the re-test region of the trend break. Now let's look at the possible scenarios if fiat reacts from here.
🔼 The first rise will be up to the 3385$ fiat band. Fiat is very likely to come to these bands because the gaps it leaves are large and there are incompatibilities that need to be filled. As a second detail, we can talk about liquidation accumulations; There are accumulated liquidations up to the 3500$ fiat band.
🔽 So, what will happen in the opposite scenario? If ETH starts making closes below 3125$ , the declines will get a little deeper.
🗣️ So, can the procedure be taken and how should we do it? A final pullback may be considered to take action. These are beautiful regions, transactions can be carried out with gradual sales up to 3500 fiat band with a stop below 3125$ .