Technical analysis by MetaShackle about Symbol ETH on 3/18/2025

This chart illustrates the current ETH pattern, with my 'April flash crash thesis.' I believe we will see another thrust lower into the marked lower ranges before a spring into the fifth wave. However, the fifth wave will be a "false breakout," as a flash crash in mid to late April is likely to occur, intentionally designed to sweep liquidity by liquidating overleveraged positions and triggering stop losses—only for the market to recover shortly thereafter and continue its breakout to the upside. This breakout will likely push beyond the pattern and take out the "Trump Election Pump" highs. There could be some opportunities in the next 4 to 6 weeks, but with opportunity comes risk. Always use a proper risk management strategy suited to your skill level and wallet size. Good luck, and always use a stop loss!