Ethereum Market Structure Shifts: Two Potential Paths Ahead

Ethereum’s recent price surge has triggered a shift in technical outlook, prompting analysts to contemplate two potential market structures. The price breached its $4,424 invalidation level, indicating a break from the prior bearish scenario. Now, Ethereum is poised between two scenarios: a nested 1-2 structure, hinting at an impending impulsive sequence, or a flat correction. However, the outcome hinges on whether it manages to sustain above crucial support levels.