In accordance with your wishes, let's consider the current situation on Ether🔹
The trend on the asset is objectively bullish🐂, as indicated by the rapid impulsive growth with corrections dragging on for weeks. On the last fall the Imbalance of $2.900-$2.500 was successfully filled and the Fibonacci OTE was tested, and after that the rapid upward growth continued📈
But the main question is still open - where should we look at entering longs now❓
💁🏻♂️I will answer your question,
The optimal zone to enter a position is the nearest Imbalance $3,700-$3,220, which is a significant magnet for price.
As this inefficiency is confirmed and reacted to, and I am going to start looking at opening new trades with the target as the 2024 high of $4.100💡
Both Ethereum and altcoins have significantly underperformed #BTC in recent weeks and the need to close this gap is undeniable🙅🏻♂️
