Ethereum : Intraweek Technical Analysis

The second largest crypto currency is having a correction on a weekly time frame . Any recovery on smaller time frames will only be pullbacks to continue further downward movement. 2400 is key support where we are looking at triple bottoms on weekly time frames. If pullback starts on 2400 we can see reversal of trend otherwise a weekly closure below 2400 will be opening of next Elliot wave towards downside. This week’s closing will decide the next trend. My target is to enter positional trades after reversal from 2400 with further buying levels at 1800 and 1600.