From the Ethereum four-hour tunnel trend, it looks like it’s about to move out. The price action has gradually moved from the bottom of the tunnel to the middle, breaking out of the tunnel, and then retracing. At the moment, the four-hour timeframe is also at the bottom. Although the daily chart is trending downward, as long as it remains above the four-hour level, if the subsequent four-hour tunnel forms a golden cross, then that big run will come out.

Currently, the positions at 1,857 are a bit stuck in stubborn mode; the highest point was up by 50 pips but the trader didn’t cut the position in time. It bottomed and rebounded around 1,800—here, in my personal view, it’s a decisive reversal to go short.
ETH: 1867 long, target 1917, defense 30 pips #btc #eth