On the daily timeframe, Ethereum is unfolding within the early stages of Wave C, following the completion of a flat correction pattern.
The price has completed Wave (i) and appears to be in a corrective Wave (ii) targeting the 0.5–0.618 retracement zones (around $2366 to $2485).
Upon completion of Wave (ii), a sharp Wave (iii) decline towards the 1085–754 zone is expected.
📈 For a bigger picture, please refer to my Weekly and Monthly Ethereum analyses.
#Ethereum #ETH #DailyChart #CryptoAnalysis #TechnicalAnalysis #ElliottWave #CryptoTrading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.