in the you can clearly see there isn’t any huge in this run up ; also price already broken the key level and running into the big at weekly ( red box) but we haven’t seen any considerable in this run up.
there is high chance for ETH price to comes back into 1 fib level and retest it because is also the neck line of the W pattern.
in the 4H time frame we can see price have very big divergence !! this isn’t good thing for ETH and there is high chance to comes back and retest of 0.382 fib level in that level we have 3 points of confluence:
so I personally thinking ETH price can retrace to 2400 level.
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