A downward simple zigzag [A]-[B]-[C] is expected to form in the Ethereum chart. Its first actionary wave [A] is fully completed as a simple impulse. The market is currently in the corrective wave [B], which may form as a bullish simple zigzag (A)-(B)-(C). Its first two subwaves (A)-(B) are probably formed, so the price can be expected to rise in the ultimate impulse subwave (C) to a level of 3311.00, where the size of correction [B] will be 61.8% of the impulse [A].
Trading plan for ETHUSD for today:
Take profit: 3311.00.