Elliott wave Ethereum analysis 25.04.2023

Ethereum forms the initial part of the bearish correction as a zigzag [A]-[B]-[C]. The first impulse wave [A] is currently unfolding. To complete it, sub-wave (5), which serves as the final part, is required. The price will drop to 1740.70. At this level, wave (5) will be 50% of the impulse (3).

Trading plan for ETHUSD for today:

Sell 1831.71,

Take profit: 1740.70.

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