$ETH ANALYSIS 🚨
Final deadline for Ethereum's
ETF approval is in May, rejection or approval? Well, forget about it and let's talk about what chart is telling us.
Price on 4H during the last crash had a structure shift to bearish, had this beautiful but impulsive rejection from 4H supply last night but imo, we can fairly visit this supply zone back again meaning you would still have a decent opportunity to get into a short position. The schematic on right is the textbook move and exactly what is expected.
We are in the retracement leg and ideally in order to continue this bearish move should go back and close below $2852 low but for any bullish wave, need a break above $3728 high. Nevertheless, any opportunity at this supply marked is a good range to play even if we barely take out the $2852 low.
