On ETH, we can see that the price has entered a very strong resistance zone, which could potentially mark the final move of wave 3, and then it would be worth seeing a downward move as waves 4.
We have set a possible recovery level around $3,000, but it is likely that the price will return to the zone marked below, which would result in a drop of around 30%, similar to the previous recovery.
The indicators also show movements exceeding the upper limit, which may additionally confirm the upcoming move to the 4th wave.
We have set a possible recovery level around $3,000, but it is likely that the price will return to the zone marked below, which would result in a drop of around 30%, similar to the previous recovery.
The indicators also show movements exceeding the upper limit, which may additionally confirm the upcoming move to the 4th wave.