#ETH 4H

This morning, a red 4-hour Marubozu candle was drawn with an amplitude of almost 9%.

Such a thing hasn't happened since the Flash crash on August 5th.

And this is clearly a liquidation of margin positions and the removal of stop-losses below the key level of $3200.

Ethereum is currently undergoing an active phase of hands changing, while large players continue to squeeze retail.

As a result, we will see a powerful rally in Ethereum, similar to what we saw in November with BTC.

During this correction, long liquidity was heavily trimmed, but there is again a strong imbalance towards longs.

And this means that Ethereum may dive into the support zone of 3000 – 3200$ a couple more times.

The path to a new ATH will not be easy.