Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Ethereum is now almost back to the previous breakout level, creating a bullish textbook break and retest. Market structure is still bullish on the higher timeframes so it is quite likely that Ethereum will create a bullish reversal after retesting the horizontal structure.
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