ETH/USDT Local trend. Channel. Wedge. Pivot zones.

A channel is formed in which a wedge is formed on the decline (the decline itself is a wedge-shaped formation). Zones of levels from which the further development of the trend depends on are shown on the chart. The channel itself has a width of exactly 44%.

First of all, you should pay attention to the local work with resistance of the descending wedge (purple). Breaking through the wedge resistance upwards and fixing the price is a reversal of this local downward trend.

If this channel breaks down to the 2333 levels and the decline stops, there is a triple bottom with a base of about 63% and enormous potential. Graphically shown by the marker. Could knock out stops by quite a large % as well.

This secondary trend zone is on a large scale.
ETH/USD Medium-term work. EIP-4844 Network Upgrade News

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main trend

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Price in support zone 2568.13 (horizontal + dynamic channel support).

Everything in the video (second part of the video) on this topic was told and shown and in the related two trading idea of ​​this local work and the main trend (for understanding)

Ethereum in this zone is a mirror of bitcoin (market directions)

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The squeeze is clearly at the level of 1800.13. From the level of 2568.13 to this level -30.1%. Be careful with kefir (just an accent, no more). Revisit the second part of the video again, as well as the idea of the main trend associated with the video (timeframe 1 week). You also need to understand that ETH is not just one thing, but many tokens, projects ... (domino effect) are associated with this blockchain. The probability is no more, which must always be remembered ...

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-40 % de descuento en la ruptura de la zona del cuello de la cabeza y los hombros 2333-1911. El precio se acerca a la zona de soporte del canal de distribución. Llegamos al nivel de 1444. Un momento muy importante y muy peligroso tanto para el ether (cambio a una nueva minería, contratos inteligentes DAI stablecoin, hackers, intercambio), como para muchos tokens en su blockchain.