#EthereumUpdate $ETH
ETH
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Unless the market prints a clear five-wave impulsive move to the upside or at least pushes above the weekend high the probability of further downside under the orange scenario remains high.
The bounce from last week's low still looks weak and corrective rather than impulsive. So far, there's no solid confirmation that a significant bottom has been established.
That said, this is a key area on the chart. It makes sense to stay alert for potential reversal signals, especially after the recent liquidation-driven drop.
For now, though, confirmation is still missing. I'm keeping a close eye on the lower time-frame structure.
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