Ethereum, Scenarios To Consider When A-T-H-Support Does Not Hold

Hello Traders Investors And Community,

Welcome to this analysis about Ethereum, we are looking at the 4-day timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. The last times Ethereum has shown up with the breakout above its previous all-time-high and close in this region, where it managed to advance further however lastly Ethereum showed up with bearish price-action and moved into the previous all-time-high condition anew, this is important to watch out here with Ethereum because Ethereum can also increase with bearish price-action further which can alter the whole dynamic, therefore I detected all the important levels and likely destinies we should consider.

Structural Developments:
As when looking at my chart we can watch there how Ethereum right away after showing up with the bearishness to the downside moved on to test the previous all-time-high-conditions marked in my chart in orange, this is a very important support for Ethereum to hold because when this support does not hold and Ethereum does not manages to back-up and stabilize further Ethereum will firstly visit lower levels in the structure determined within the next considerable support marked in my chart with the green box, therefore it is necessary to elevate how Ethereum moves on further from here and if the supports can be held or not because this will determine Ethereums movements in the near future.

Upcoming Determinations:
Taking all these factors into consideration Ethereum has established this main upside-wave-count in which it is currently about to form the wave D in the structure, therefore, it will be of high importance to illuminate where this wave D will finally finish if it is either still above the previous all-time-high-conditions or within the next considerable supports in the EMA-structure, this is what is necessary to consider next times and it is of utmost urgency to keep patient and do not rush into trades that do not satisfy as it is seen often these times, before the right direction has not confirmed it is not unsmart to wait on the proper opportunities or to look on more local timeframes for potential short-term-trades, it will be an interesting journey.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.