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$ETH – The price is still correcting on the low timeframes and seems to be moving up now. However, I believe this is part of a Wave B within a corrective Wave 2 that precedes a larger move to the upside in the coming days.
I believe short-term volatility does not matter here, as long as price remains above the high-timeframe support range marked in purple, sitting at $2.1K.
As long as this level holds, the most likely outcome remains further upside on the mid-term, the market structure stays bullish, and this consolidation phase remains healthy.