$ETH High Time Frame Analysis

This is weekly chart. Ethereum is now in no man's land in my opinion. Why?

Because just below current level we have value area high ligning up with 0.618 fibonacci support pulled from big range low to high.

I think the markets will bleed a little more and ETH will drop there to find support.

What I see now is clear bearish Weekly market structure. I am not turning bullish in short term until I see the lower high broken to the upside.

In the long term I still believe we are in bull market, support will be found and we will moon 🚀