The Ethereum market is building a bearish A-B-C zigzag. At the moment, the first impulse sub-wave A looks completed. Correction B is developing. This correction may end as a double zigzag [W]-[X]-[Y], where the linking wave [X] is also a double zigzag (W)-(X)-(Y). Soon, the price will rise within the last actionary sub-wave [Y] towards the level of 1346.56. This is the previous high, marked by the first wave [W].
Trading plan for ETHUSD today:
Take profit: 1346.56.