Ethereum Evening Trend Analysis:

First, let’s look at the technicals—ETH has just broken out of a bearish flag and is now pulling back to retest the upper edge of the flag. Can it hold this level? If it does, there’s room for further upside, but note: if the pullback falls below the flag boundary, a deeper correction may be coming.

What’s the issue? The previous high at 3098 hasn’t been broken. The price peaked at 3085 and then printed two shooting star candles, clearly facing resistance.

Here’s a decision criterion: Give it two more chances on the hourly chart. If it still can’t break through 3098, close your long positions as needed. Even if it spikes to 3099, that’s fine, but if two hourly candles fail to break through, you’ll need to adjust your positions.

Operationally:
Breakout above 3070 with volume → chase longs on the right side
Breakdown below 3054 with volume → go short and ride the pullback
Watch volume closely, set stop-losses properly.

If the hourly chart holds above 3070, look for a move to 3109-3172.
If the 4-hour chart breaks down below 3027, look for a move to 2986-2942. If 3027 is broken and not recovered, expect a pullback.

Now, looking at the 4-hour range: There’s a W-bottom pattern forming, with the neckline at 3107. If 3107 is broken, the W-bottom is confirmed, targeting the Fibonacci level at 3193. As for whether we can reach 1.618( or higher? We’ll take it step by step.

But there’s a time window—if we don’t reach 1.618 by December 10, don’t expect it afterward. That’s it.