#ETH Effective Analysis
ETH clearly retested and bounced back from a major demand zone. On the 1-week timeframe, it also bounced from a major uptrend line.
On-chain data shows significant liquidations occurred at the $3900-$4000 price level.
Given these factors and the upcoming ETH ETF event,
I believe ETH will rise to $4000.
#nomaeffect #BinanceTurns7 #US_Job_Market_Slowdown #BTC_Bounce_Back_to_57k
