The Trust Layer for Market Analysts

The analysis focuses on Ethereum (ETH) on the daily chart. The market is in a descending channel. Current price is around 3330. The speaker identifies a potential bullish scenario where ETH could retest resistance levels near 3500-3600. This would be considered a diagonal structure, potentially forming wave 5 of a larger diagonal pattern. A break above the resistance zone could signal further upward movement. However, the speaker also notes that a failure to break resistance and a subsequent drop below 3200 would invalidate the bullish short-term outlook and potentially lead to further downside, targeting support levels around 2600-2300. The short-term chart suggests a possible ABC correction within the larger downward trend, with a target of 3213.9 for the 'C' wave. If the price breaks above 3395, it might confirm the continuation of the bullish pattern.