Ethereum (ETHUSD) Elliott Wave Analysis
Wave (a) made a significant move down, and after a brief retracement in wave (b), we’re potentially in the midst of wave (c). According to the Elliott Wave principle, this wave could extend down to key Fibonacci retracement levels — the 0.521 level at 3075.0 and the more significant 0.618 level at 3057.0, which often act as strong support in such corrective phases. If wave (c) extends further, the 1.618 extension at 2871.3 could be the next area of interest.
Cryptocurrency Market Analysis
ETH, like other cryptocurrencies, can be particularly sensitive to market sentiment, technological developments, and regulatory...
