$ETH remains uncertain, with the possibility of further downside or an ABC corrective structure still in play.
Price has formed a lower low while RSI prints a higher low, hinting at bullish divergence and the potential for a relief bounce.
However, a rebound alone wouldn’t confirm a reversal. It could still represent wave 4 before sellers push the price lower.
The next price move will be key to determining which scenario plays out.
#TradersBetOnThreeMoreFedHikes
Price has formed a lower low while RSI prints a higher low, hinting at bullish divergence and the potential for a relief bounce.
However, a rebound alone wouldn’t confirm a reversal. It could still represent wave 4 before sellers push the price lower.
The next price move will be key to determining which scenario plays out.
#TradersBetOnThreeMoreFedHikes