Ethereum is lagging behind Bitcoin in price action, that's why looking at Bitcoin for clues is crucial. As the price hit 0.236 Fibonacci level I think that wave Y ended and that we are going to see some short-term movement to the upside which would be a second X from a WXYXZ complex correction count. After that, I am expecting another drop as wave Z will end on the support line at 415$ if my analysis is correct.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.