ETHUSDT: Update | Is the bearish movement over?
All are valid, as shown in the following analysis.
At the end of October 21, the price broke from the previous structural high of 4358 reached at the end of May 21.
This time the price went up to 4800.
Many market participants expect greater price increases.
What happened was that the price tested again the structural low around 2160 on 21.01.22.
Now that prices seem to have ended their bearish trend, we can see the beginning of the next uptrend.
The last and strongest resistance will again appear near the top of the model around 4780.
Objective. 🎯 3223 🎯 3833 🎯 4783
Thank you and good luck!
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