Ethereum does not appear to intend to correct
2024-12-07

This analysis is an update of the analysis you see in the "Related publications" section

It seems Ethereum aims to reach the $5000-$5300 range without any significant correction.

Momentum-driven large green candles, higher lows, and the absence of a drop after sweeping liquidity pools above the chart indicate that Ethereum is bullish.

If it retraces to the green zone, we will consider buying.

Closing a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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