This is something to be mindful of for $ETH over the next two weeks.
We need to get back above $3,850 and close on the 1D.
If we don't, I can see this ABC correction playing out here with a target of $3,100.
The 3D RSI entered overbought at the peak, and this could take a little longer to gather the steam to break $4k.
It is highly possible we just continue higher... price can easily move higher with RSI not making a higher high... it just means we would consolidate for a while above $4k.
But this is totally valid scenario that would not invalidate the HTF picture at all.
If this did play out,
We need to get back above $3,850 and close on the 1D.
If we don't, I can see this ABC correction playing out here with a target of $3,100.
The 3D RSI entered overbought at the peak, and this could take a little longer to gather the steam to break $4k.
It is highly possible we just continue higher... price can easily move higher with RSI not making a higher high... it just means we would consolidate for a while above $4k.
But this is totally valid scenario that would not invalidate the HTF picture at all.
If this did play out,