✴️ Ethereum Correction (30%) Low Revealed + Bull-Market Forecast

6 maj

Ethereum's correction is already pretty advanced, you can tell because the drop has been going for almost two months and is already 31.5%+ strong; how much lower can it go?

While this is a super-strong drop, it isn't over.
The chart conditions are the same as with Bitcoin (BTCUSDT).

Ethereum (ETHUSDT) produced a rejection right at EMA50 as the week starts and is now trending down. It is possible that the final crash will happen this or next week; if not, this same month. More likely sooner rather than later because the correction has already been going for long.

The entire corrective phase should last between 2-4 months.
Since we have 2 months already, the bottom is likely to be close because the remaining two months will work for consolidation, accumulation and recovery and new highs late this year or early 2025.

After this correction, which shouldn't last that much longer, we will have a major bull-market and that's what we have been waiting for... Patience is key. We will have endless opportunities to choose from once prices drop.

Namaste.