Ethereum, Since Bearish Breakdowns, Scenarios To Consider!

Hello Traders Investors And Community,

Welcome to this update-analysis about Ethereum, we are looking at the 4-hour timeframe perspective. Since the former analysis Ethereum fully showed up with the bearish breakdowns after breaking out of the confirmational-resistance flag as expected, then Ethereum fully reached the downside targets marked in blue and marginally bounced from there, if you did not see the former analysis already I highly recommend it to watch to have a full-depth-overview as this analysis is coherently building upon it. Now I discovered important levels and scenarios further in the structure that will be the determining source for Ethereum within the next times.

As when looking at my chart we can watch there how Ethereum is now mingling within the bear-flag-target-zone and the supports remaining there marked in blue, these are very important reference-supports for Ethereum because when they are broken to the downside it will lead to a bearish pressure continuation, otherwise when this does not happen and Ethereum manages to stay above the level and increase with bullishness a potential continuation can show up above the descending-trend-line and within the bullish-stabilization-zone nevertheless, when considering the already established bearish pace this is not the most likely scenario and the bearish continuation has a greater likelihood though it is still important to wait for final validation.

Taking all these factors into the consideration now Ethereum moved into a decisive situation in which it needs to decide the next times either it has the ability to stabilize with bullish price-action or continues with the already well-established strong bearish edge to the downside. In this case, it is of necessity to wait for the proper validations rather than just rushing into the market and overspeculating it in a one-sighted direction like it is seen too often these times. When Ethereum continues with the more likely bearish continuation this does not mean it is completely bearish as it still has some great supports lying in the structure also on the higher timeframe perspectives, it will be an interesting journey ahead.

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.