ETH Daily Technical Overview — Cycle & Box Analysis

Cycle Structure:

HWC (Higher Wave Cycle – Long-Term): Bullish 🔼

MWC (Middle Wave Cycle – Mid-Term): Range 🔁

LWC (Lower Wave Cycle – Short-Term): Bearish 🔽

Market Context:
The first step is to assess the market from a cycle and wave perspective 🧐. Recent sharp down moves are ignored as they are emotional reactions.

The current support is a box 📦 that has been tested for around 35 days with four significant touches. My bias is long here 🚀.

Long Setup:

Weakness in the short-term MWC 🔁 could trigger a bullish move if 4232 resistance is broken and confirmed ✅.

The next resistance at 4757 🚧 could turn all cycles bullish 🔼🔼🔼 if broken, offering strong upside potential 📈.

Short Consideration:

The market is unpredictable ⚠️, so short scenarios should be considered too.

Until price reaches 3708 ⬇️, I won’t consider shorts ❌.

Shorts require more structure and confirmation.

Remember, downside moves are still possible ⚡, so risk management is key 🛡️.

📌 Signature:
If you want a specific coin analyzed, drop a comment 💬👇 and I’ll cover it.
⚠️ Without proper risk management, you're just a ticking time bomb 💣