Here is a potential scenario for ETH, this would retrace the whole ETF pump and make everyone super bearish, just what the market loves.
If this is a standard ABC wave 4 correction, we have completed 5 waves down, now 3 up since the ETF announcement, and a further 5 corrective waves could finish at the 1-1 FIB Extension, which is also the previous top as well as the bottom of the corrective channel and 2 untapped daily levels, around 2750-2700.
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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.