The ETHUSD market is forming the bearish wave as a standard zigzag [A]-[B]-[C], which has started after the bearish linking wave XX finished. In the zigzag, currently unfolding, impulse [A] and correction [B] have completed. There is forming the bearish impulse wave [C], with the sub-waves (1) and (2) completed and wave (3) unfolding inside. Wave (3) should finish around level 2429.00, where it will be 161.8% of wave (1), according to the Fibonacci extensions.
Trading plan for ETHUSD today:
Sell 2837.63,
Take profit: 2429.00.
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