Based on CMC ETH played a beautiful market structure pattern.
Both Fibonacci levels and Camarilla's pivot point strategy gave confirmation about this long setup.
Invalidation - if it breaks the structure and goes below 1608-1607. And still, if it happens, and still ETH follows the CMC structure, it should be made a V-shape bounce, so the loss could be minimized.
NOT FINANCIAL ADVICE. I AM NOT PROFESSIONAL TRADER.
Both Fibonacci levels and Camarilla's pivot point strategy gave confirmation about this long setup.
Invalidation - if it breaks the structure and goes below 1608-1607. And still, if it happens, and still ETH follows the CMC structure, it should be made a V-shape bounce, so the loss could be minimized.
NOT FINANCIAL ADVICE. I AM NOT PROFESSIONAL TRADER.