Wave (iv) of an Impulse originating from 3977 likely ended last Friday. Since the 2351-2439 zone serves as a support, a counter-trend rebound is expected. However, this should be followed by continued selling aimed below the August low of 2111.

A trend reversal in favor of bulls can be discussed only if the descending channel is broken.

The chart includes marginal zones, which should be used to determine the pivot point.
ETHEthereum (Cryptocurrency)ETHUSDTnixWave Analysiswaves

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