Here comes the second asset from the survey! - Here is a local Ethereum (#ETH) ⚪️ parsing on 30m TF.
First, I would like to remind you that a couple of days ago I have already reviewed the short-term outlook for the price movement 🔗. At that time, Sherlock warned each of you about the imminent start of a local correction, the main targets of which were:
1. Full/partial overlap of 4h imbalance ($2482-2461);
2. Removing liquidity from the low at $2515.
At the moment the above mentioned targets remain relevant, but more and more factors indicate that the beginning of a new wave of growth is possible without their participation....
➡️ Let's go directly to the analysis of the current situation: on the chart we see the formation of a technical pattern "Converging Triangle", the trading range of which has already narrowed quite strongly and in the nearest future I expect an impulsive exit from the figure. Over the last 3 days the asset was "swinging" from side to side - during these swings a new support zone was formed in the form of Bullish OB ($2578-2557). ℹ️ In case of a false breakdown of the triangle, the price will get a reaction from it. By the way - because of this zone I think that the lower targets may well remain untouched, but it would be a mistake to completely exclude the movement to them. In addition, a long bearish wick with a huge amount of uncollected liquidity ($2655-2664) has appeared from above, and it is also the strongest magnet pulling the price to itself.
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