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The bearish scenario for Ethereum is now active (1D)

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We have always relied on the flip zone from our previous Ethereum analyses. Now that this zone has been broken, the bearish scenario for Ethereum is active.

A more accurate interpretation suggests that this is the correct structure. Given this, we have been in Ethereum's bearish Wave C for some time.

Ethereum is expected to move from the red zone toward the green zone soon.

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We have pointed out several times to the red zone, which is a supply zone.

With the pullback to this area, the price was rejected by more than 15%, and we still expect it to oscillate toward support over the coming weeks

Let’s see what happens.

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