Technical analysis by MeruEU about Symbol ETH: Sell recommendation (6/4/2024)

I would like to see a move lower from here. But it could happen at 5000 level as well. I consider the liquidity line as important for the market makers. So I might have a valid reason to believe that we could see a lower high forming here. Potential targets are marked. Just a newbie trying to make sense of the market. A break of this consolidation would be volatile in eather direction.we have seen a volatile move just as expected. It confirms my idea. first support is met at 3.6k , second one at 3.4k, third at 3.1k. I expect volatile moves. this was just the beginning of a larger corrective move.second target reached.