Elliott wave Ethereum analysis 09.02.2023

The Ethereum market is forming a corrective wave [4] as a double three [W]-[X]-[Y]. This is a long correction that should end soon. If the current assumption is correct the price will rise in impulse 5. It is expected to end near the level of 1791.00. After correction in wave [4], the price may rise in impulse [5] to the level of 2024.38.

Trading plan for ETHUSD for today:

Buy 1621.13,

Take profit: 1791.00.

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