After 5 waves completed from the ATH Second crypto currency by capitalization had performed a ABC corrective Situated at the time of posting at 3000 To break the Downtrend channel ETH must regain 3200+ lvl and close above it,anyhow before doing that it may be possible to see a retest of the demand zone situated at 2830-2850 Also a eye open should be kept on...
As I said before here is my idea for ethusdt in the next 30-60 days After it reached 4000+ it started to created a 5 waves down we are now in wave number 5 after 4 perfect completed waves with perfect retracements So in my point of wiev 2700-2650 is a price that we might see before we start to go up again The wave 5 that you see complete the 5 waves analysis Enjoy !
After Today news about the rate cuts not beeing so iminent and FED might reconsider cutting rates in june i expect ETH as all others hight risk products to contiune downtrend,for now i will post my analisys on lower time frame and in the days will come i will publish also my point of view about bigger timeframe,enjoy! Follow me for more trading analisys!