The ETHUSD market is building a zigzag pattern, within which impulse [A] and bullish correction [B] have been completed. The initial part of a new impulse wave consisting of sub-waves (1)-(2)-(3)-(4)-(5) is unfolding. Recently, the price rose slightly within the correction (2) and then started to decline again. Now the sub-wave (3) is developing. It is expected to end at level 2429.00. At this level, wave (3) will be 161.8% of wave (1). An approximate trajectory of the Ethereum future price movement is outlined in the chart.
Trading plan for ETHUSD today:
Sell 2874.69,
Take profit: 2429.00.
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