Technical analysis by without_worries about Symbol ETH: Buy recommendation (4/16/2025)

Currently Without Worries has a higher timeframe “short” opened on Ethereum since $3800. It was not popular. (see idea below - By the way, 32 likes 2.7k views? You want me to keep posting or not?! Like to let me know otherwise off I go!)Corrections in price action are never in a straight line, just as within a bull market. At this moment in time on the above 8 day chart price action has not been this oversold since the bear market of 2018 with an RSI below 30. The mindset of sellers today is 100% emotional.What should you expect?A rally to $2500, which is market structure. This rally will draw in fresh exit liquidity and no doubt invite a number of spiteful public comments “You’re wrong!”. Regardless, the chart is our News, a rejection from market structure will take price action down to the long anticipated forecast area of circa $700 (see below) and confirm the expected bull trap.WwEthereum $3800 short ideaEthereum to $700 ideaBull trap in progress! Get this idea above 250 likes and it will be closed as near as possible to the reversal ;-)Only another $500 to go... and then crash, bang, wallop.. straight of oblivion... unless...Price action rejected exactly at $2500Quite possibly the most obvious bull trap in the history of bull traps.2hour chart.. a high probability sell signal triggered at the same moment.Is it over for Ethereum? Ask the other traders on here.. almost all are bullish / long with sky high forecasts.Remember, 90% of traders fail.tradingview.com/symbols/ETHUSD/ideas/?exchange=BINANCE&sort=recent