Guys, Ethereum’s current decline can be explained by the two charts below.
Chart 1: The 1–5 wave decline from 2,800 is complete, and wave 5 is now probing for a bottom. The key support zone to watch is 2,320–2,355 below—that’s the bulls’ last line of defense.
Chart 2: The purple-circled ①–⑤ minor corrective waves are complete. The red dashed line lays out the scenario: first a rebound to around 2,400 (wave 4), followed by a possible further drop to test 2,200.
We’re in the grueling shakeout phase now. Be patient and wait for the dashed-line scenario in Chart 2 to play out. Massive rallies are often born out of despair! How much of your portfolio is invested right now? Let’s talk in the comments! 👇
#ETH #Binance
Chart 1: The 1–5 wave decline from 2,800 is complete, and wave 5 is now probing for a bottom. The key support zone to watch is 2,320–2,355 below—that’s the bulls’ last line of defense.
Chart 2: The purple-circled ①–⑤ minor corrective waves are complete. The red dashed line lays out the scenario: first a rebound to around 2,400 (wave 4), followed by a possible further drop to test 2,200.
We’re in the grueling shakeout phase now. Be patient and wait for the dashed-line scenario in Chart 2 to play out. Massive rallies are often born out of despair! How much of your portfolio is invested right now? Let’s talk in the comments! 👇
#ETH #Binance