Pivot point: 3790.
The expected scenario: Entering long positions at 3790 levels, targeting the $4130 levels.
Alternative scenario: entering into short deals at the lowest levels of 3790, targeting the $3300 levels.
Comment: Ethium is still in a general bullish trend in the medium and short term, through the ascending price channel, as it is currently trading at strong demand levels, which supports the current rebound, and the completion of the general bullish trend, especially in light of the intersection of the average. The 100 moving average is above the 50 moving average, and the price has consolidated above the moving averages, in addition to the presence of the liquidity flow indicator at oversold levels, which supports the positive outlook for Ethereum trading in the short term.
