Elliott wave Ethereum analysis
The ETHUSD market has started declining after the upward impulse wave C completed. There is unfolding the beginning of the new bear impulse. The bearish wave 1 completed as an impulse. Next, there have finished two sub-waves [A]-[B] of the zigzag-shaped correction 2. There should be developing impulse [C], as it is outlined in the chart. The Ethereum price could go up to a level of 2991.00, where wave 2 will be 50% of wave 1.
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