Based on typical Fib ratios for corrective waves, I think Ethereum is going to drop below $250. I think it is likely that it will land somewhere between $185 and $235, based on the Fib ratios of the impulse move. There is an area of support around the $215 area.
Disclaimer
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.