Corrective Period
The current overall trend of Ethereum is not definitively bearish, with an expectation for the price to continue within the defined range between the support and resistance boxes. Recent price increases and positive candles may be part of a corrective wave in the downtrend. Anticipating a subsequent decrease as the corrective period concludes, moving towards the blue box area.
1/28/20241 min read
The current overall trend of Ethereum is still not definitively bearish, and it is expected that the price will continue to move within the defined range between the support and resistance boxes. The recent price increases, accompanied by positive candles, may be considered as part of a corrective wave in the downtrend. Following this corrective period, it is anticipated that the price will decrease again and move towards the blue box area.