ETH appears to be trending 12345, ABC, 12345 micro waves, within a macro wave.
Short term support levels are shown in purple horizontals.
Upper support would be circa $880, failure to break and sustain price above this, may see ETH trend within the ST bear range.
Previously ETH has been trading in the bullish green zone, however failure to sustain 880, saw the recent trend lower. I remain bullish overall hence the ABC micro correction theory. if we have a sustained break below $855 this may turn bearish.
Commentary & further supports to follow.
Short term support levels are shown in purple horizontals.
Upper support would be circa $880, failure to break and sustain price above this, may see ETH trend within the ST bear range.
Previously ETH has been trading in the bullish green zone, however failure to sustain 880, saw the recent trend lower. I remain bullish overall hence the ABC micro correction theory. if we have a sustained break below $855 this may turn bearish.
Commentary & further supports to follow.