ETH currently in a descending wedge since August 2022. It has respected both support and resistance several times. Playing out a possible ABC correction, now in wave 3 (5) of wave B to the upside, the upper resistance will be tested again. Look for a breakout above this to a possible 1800 target, then a FULL blown retracement in the final larger wave C to the downside, with potential new lows being established. Targets in blue are my price goals, green offer support and red is resistance.
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.