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Where’s Ethereum Headed?
Let’s start from the weekly timeframe and keep it simple.
The market has given us a clear Multiple Break of Structure (MBOS). Before that, after the first break, which marked our Market Structure Shift (MSS) price delivered a wick pullback, serving as inducement.
Below this inducement lies a breaker block, which is the closest structure to the inducement and therefore acts as our weekly Point of Interest (POI).
Based on this structure, the ideal weekly target for $ETH at the moment is 4,955.
📌 For the 3H timeframe breakdown, check the next post below 👇