Analyzing ETH/USD on the 45-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a significant downtrend, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The first potential target for wave (c) is around 3560.33, which aligns with the 1.618 extension of wave (a). This setup suggests a short position on ETH/USD.
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