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📊 Ethereum Outlook: Short-Term Long Position
Ethereum (ETH) remains one of the more unpredictable cryptocurrencies in the current market environment. Its recent erratic price movements—though challenging to forecast—present intriguing opportunities for short-term traders due to heightened volatility.
From a technical analysis perspective, Ethereum appears to have completed its corrective B wave. Using trend-based Fibonacci extension tools, the B wave terminates near the 0.786 extension level. This ratio, developed and refined by the Seovereign team, has demonstrated consistent accuracy in live market applications.
For clarity, only the critical 0.786 Fibonacci level is highlighted in this analysis, avoiding visual clutter. Detailed wave counts and ratios are available on the accompanying chart for those who wish to dive deeper
🎯 Key Price Targets
First Target: $2,555Second Target: $2,589Third Target: $2,624
This current range offers a technically sound entry point for initiating a long position. While the volatility can lead to high-reward scenarios, rigorous risk management is vital. Remain agile and strategic as market conditions evolve.
🧠 Trading Tip:
Use trailing stop-losses or incremental exits to secure gains while adapting to rapid market swings.

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