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Ethereum what's next? | Do we see further signals and breakouts or a retracement of the trigger levels?

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Ethereum is the rebound coming now?

Here, too, the last few days have seen a sharp drop.
The PG on a weekly basis was quite some time ago now and no new signal has been formed since then. From the two trigger marks at $378 and $469, it then went strongly upwards. For normal weekly signals, this is already a big move when I compare the previous breakouts with it.

What could we expect in the near term?

The current weekly candle is currently in negative territory but the week is not over yet. As soon as the bulls can lift sentiment and generate a positive close, the world would be ok again.

Another possibility would be a new PG and further breakouts on the upside. Unfortunately, no major signal is visible but that may yet come.

However, if we close in negative territory and do so significantly, then I will liquidate my position and expect a retracement to the old trigger marks.

But let's hope for a positive turnaround and several more breakouts on the upside. This cryptocurrency is a base currency and should not fluctuate too much.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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