🐻 Have the bulls left the building?"Elvis has left the building!" The famous phrase was used by announcers to tell the audiences of the king, that there were no more encores. It has since become a well known catchphrase and punchline.
The question that we have to ask ourselves regarding Ethereum: "have the bulls left the chart?" We think that reching the $450 area could mark a superior high. This could lead to a bigger correction as indicated by the arrows. Target area of this wave 2 in turquoise lies between $270 and $230. On the way there might be waiting a long trade for us. We have marked the turnaround zone in yellow. For further confirmation of a major high, we need to break the support at $396.
