Ethereum Can Be In Final Stages Of A Correction

10 paź 2023

Ethereum is looking for a bullish resumption on a daily chart, but after current (A)-(B)-(C) correction which can be still in progress after recent three-wave corrective recovery. Looking at the 4-hour chart, we are tracking final wave 5 of a five-wave cycle within wave (C), so be aware of another, maybe final drop towards 1500 - 1400 area before market finds the support and buyers again.