according to elliott wave theory, this is the best possible price action explanation. target for this maximum impulse and also discussing the reversal area and its price target.
a brief discussion on ethereum. how it is moving according to the elliott wave theory and currently we are in which wave and how we count it and take the targets.
according to simple parallel channel the trend is downward. fibanocii retracement is also showing that the price rise is not able to break the current level.