ETH is currently in the main downward wave on the 4H timeframe


The smaller timeframe is experiencing a rebound
This is a volume-driven rebound after a sharp decline with increased volume
Open interest has plummeted
The bulls are getting liquidated
The bears are taking profits and exiting
The nature of the funds is very clear, this is a dead cat bounce
We need to wait for the rebound to develop further before daring to open a short position
The daily and 4H charts are already oversold, but the trend hasn't changed
Just wait for the sentiment to digest
The subsequent strategy remains to avoid going long and patiently wait to go short
This time, the target for opening a short is 1700.
ETH-3.45%
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