The Ethereum market is building a bearish A-B-C zigzag in the long term. As part of this zigzag, a long corrective wave B has come to an end. It consists of three main sub-waves [W]-[X]-[Y]. Thus, the formation of the initial part of the downward wave C, consisting of sub-waves ----, is expected soon. It will end at level 1050.00, where wave C is 50% of impulse A.
Trading plan for ETHUSD for today:
Take profit: 1050.00.