Ethereum (ETH): Bloody Hell, What a Sharp Start of Monday

Ethereum is showing similarities to the earlier push where we saw a shakeout (marked in the previous circled zone) before continuation to the upside. Currently, we’re seeing another break of structure, but as long as price holds above EMAs, the setup remains bullish. This could very well be another trap before the next leg up. First target stays $6,000, with the second target at $7,000 if buyers maintain control and secure higher levels.

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