Hi everyone๐(Reading time less than 2 minutesโฐ).
Ethereum is moving as I expected in the previous roadmap.โ ๐
At the moment, Ethereum has been moving in a descending channel for about 2 monthsโฐ.
The structure of the waves in the descending channel is Double Three Correction(WXY).
Ethereum is currently moving in wave Y, and I expect this wave to end at the bottom of the descending channel at around $1500.
I expect Ethereum to reach its minimum to the upper line of the descending channel after confirming the end of wave Y. However, the downward trend can continue up to the ๐ขsupport zone($ 1,440-$ 1,350)๐ข.
โ๏ธNoteโ๏ธ: Ethereum needs to break the 200-SMA downwards to confirm the wave count and especially the continuation of the downward trend of Ethereum.
Ethereum Analyze ( ETHUSDT ), Daily time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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