After the recent crypto boom almost every cryptocurrency lost value with Bitcoin and they are starting to find some support during this plummet but it is not looking good at all for Ether at the moment. It completed an Elliott Wave pushing its price up to 0.1228 and started to move for the corrective ABC structure. It seems like Ether already completed A and B phase so it should be the time for C phase. In addition a bear flag occured during this correction on top of the ABC and both of them have the same target of 0.044.
Feel free to comment about your own opinion, ask and criticize.
*This is not a trading advice, it is only for educational purposes.*