Elliott wave Ethereum analysis 25.05.2023

The ETHUSD market continues to build a downward correction [B] as a standard zigzag. The most recent chart section displays the formation of its last wave (C). Judging by the internal structure, wave (C) will take the shape of a standard impulse 1-2-3-4-5, as shown in the chart. The price will drop to the level of 1672.00, where wave [B] will be 61.8% of the impulse [A].

Trading plan for ETHUSD for today:

Sell 1782.20,

Take profit: 1672.00

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