Ethereum, Bearish Volatilites Testing Prior Established Support!

Hi,

Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective. Ethereum recently has shown up with heavy bearish alignments to the downside almost exaggerating after completing the top-formation it has formed. Now Ethereum moved on to test the important support-zone it has formed before marked in blue in my chart, in this structure Ethereum will move on to test the upper resistances as it is marked in my chart in the red resistance-cluster from where pullbacks are likely, the important decisions will come when Ethereum completes the wave C and either manages to increase bullishness further or shows up with bearish pressure that will move into a wave-C-extension, these are the meaningful scenarios upcoming.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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