By looking at the weekly chart on Ethereum, we have noticed that Ethereum is still in its corrective phase. The correction phase is made of 3 waves ( A, B, and C ). As you can see, we have finished waves A and B and we are now in the final wave ( wave C ). Expecting this wave to be completed between the lows and the -0.27 Fibonacci level where we'll be looking to ride the next impulse.
Will be focusing on catching the bearish moves until we reach our buy zone.
Don't forget to hit the like bottom if you like this idea and interested to see shorter timeframe analysis.
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