ETH - Critical Zone 👀

Hello TradingView Family / Fellow Traders,

As per my last analysis, ETH is now hovering around the $2900 - $3000 support.

What's next?

Scenarios:

1️⃣ Bullish

For the bulls to take full control again, a break above the last high marked in red is needed.

In this case, a movement towards the upper orange trendline and blue structure at $3350 would be expected.

2️⃣ Bearish

In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,500 - $2,600 demand zone.

Which scenario is more likely to happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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