Ethereum has been on a fantastic run since breaking out of a consolidation pattern. The price has surged, forming higher highs and higher lows, and even hitting a new all-time high!
However, it's important to note that this bullish trend might be nearing its end. The chart is showing signs of a potential market structure break, which could lead to a correction.
What to watch out for:
* Possible MSB: Keep an eye on the potential market structure break. This could be a signal that the uptrend is losing momentum.
* Sell Zone: If the price breaks below the sell zone, it could trigger a significant downward movement.
What should you do?
* Take Profits: If you're already holding ETH, consider taking some profits at these higher levels.
* Protect Your Gains: Use stop-loss orders to limit your potential losses.
* Stay Informed: Keep an eye on the market and be prepared to adjust your strategy as needed.
Remember, this is just an analysis, not financial advice. Always do your own research before making any investment decisions.
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