Is Ethereum about to see much lower prices?
Here I present a bearish view of Ethereum. I believe that the top is in, OR ETH goes for red box $2,400ish before starting a move down toward low hundred dollar levels. This to me looks like a crashing structure, also explained on my YouTube channel where I give full video analysis of this Ethereum view. I see 5 waves down from the top, followed by an ABC and then another 5 wave move down. Usually this results in a 6th leg which retraces to the level of wave 4 in the 5 wave crashing structure, before starting wave 7 and capitulating to lower price levels. Please subscribe to my You Tube channel and watch the video about this phenomena.
Disclaimer
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.