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๐ ETH Review (1h)
I suggest we take another look at Ethereum on the hourly timeframe:
๐ฃ Ethereum is once again showing extreme instability. Its movements have become increasingly illogical lately โ the asset is reacting too strongly to Bitcoin, and the nature of this reaction is constantly changing. ๐
As for the current situation, we are currently attempting to cover the first liquidity pool. The key is to break above $2,294. If we consolidate above that, this will be a local breakout of the long structure, meaning we can expect continued growth. ๐
The second scenario is a local upward correction, after which the market continues to move downward. In this case, the main target will be $2,218, where the next liquidity pool is located. Once it is covered, we can consider a possible reversal.
But, as always, we only work with confirmation. Until the market provides it, there's no point in expecting a full-fledged rise in advance. ๐ค
#btc $ETH #usdt #usdc #xrp #๐๐๐ $GT $SOL